Nitco Ltd significantly boosted its marble business, tripling the sales in the recent fiscal year (FY26). Additionally, the company's legacy revenue experienced a substantial 54% increase year-over-year. Nitco has expanded its retail network to over 350 dealers and plans to target a cash flow of INR 1000 crores in real estate operations.

Nitco Limited, in its FY2026 review, received an unmodified opinion and underwent leadership changes. Notably, the company secured a ₹143 crore advance for a Mumbai land deal, with no penalties reported according to NSE advisory.

Nitco Ltd reported a 15% increase in Q4 FY26 income compared to the previous quarter, with the net loss also narrowing significantly. However, year-on-year, total income rose by nearly 50%, but the net loss expanded considerably. The EPS for the quarter was Rs. 0.34.

Nitco reports a 40% increase in Q4 revenue to 1.3 billion rupees, but the net loss widens significantly compared to last year, reaching 77 million rupees.

Nitco Limited has announced a new marble order worth INR 66.65 Crore from Prestige Estates, bringing their total order value to INR 347.09 Crore. This significant deal continues the business relationship between the two companies.

Nitco Ltd has seen a significant rise of 17.8% over the past week, climbing from Rs. 91.37 to Rs. 107.64. This surge exceeded Sensex's 1.25% increase, fueled by strong technical momentum and a recent rating upgrade.

Mathew Cyriac's acquisition of a significant stake in Nitco has sparked investor interest, as the company saw a notable 4.6% increase in its share price. This move comes amidst Q3 FY25 results showing a 54.6% surge in sales to Rs 130.3 crore, although the company still reported a net loss for this period.

Nitco Ltd will convene a board meeting on May 13, 2026, to finalize their financial results for FY26. Trading activity has been halted until 48 hours following the results announcement due to insider trading regulations.

Escalating tensions in Iran are causing a ripple effect on India's infrastructure material sector due to increased crude prices. This situation could potentially lead to higher costs for cement manufacturers like UltraTech and Ambuja, putting pressure on their margins. On the other hand, Kajaria and Nitco seem to be benefiting from this scenario. Analysts are already cautioning about potential earnings cuts in the fiscal year 2026-27.

It appears that Nitco is considering selling a significant plot of land in Alibaug to the Lodha Group, according to reports by ScoutQuest.

Nitco is considering a land sale in Alibaug to Hoabl for a potential revenue of INR 6,000 crore from joint development, demonstrating the company's impressive growth prospects with a current market cap of INR 2,000 crore.