Nitco Q2 FY27 Results: Consolidated Net Loss ₹6.17 Crore on Total Income of ₹158 Crore
- Earnings
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Reviewed byRachit TripathiBlacklitt Research
Nitco (NSE: NITCO) reported a consolidated total income of ₹158.02 crore and a consolidated net loss of ₹6.17 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹156.81 crore and the standalone net loss was ₹4.60 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹158.02 crore, up 42.1% YoY and 33.3% QoQ
- Net profit and EPS: Net loss of ₹6.17 crore; basic EPS -₹0.24
- Finance costs: ₹2.61 crore, up 9.4% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹156.81 crore, up 43.3% YoY and 33.9% QoQ
- Net profit and EPS: Net loss of ₹4.60 crore; basic EPS -₹0.18
- Finance costs: ₹1.17 crore, up 21.9% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 158.02 | 111.20 | +42.1% | 118.51 | +33.3% | |
| Revenue from operations | 155.77 | 107.70 | +44.6% | 116.01 | +34.3% |
| Other income | 2.25 | 3.50 | -35.7% | 2.49 | -9.8% |
| -6.17 | 0.94 | n/a | -10.33 | +40.2% | |
| Profit before tax | -6.17 | 0.94 | n/a | -10.33 | +40.2% |
| Finance costs | 2.61 | 2.38 | +9.4% | 2.49 | +4.6% |
| Depreciation | 2.22 | 2.97 | -25.2% | 2.13 | +4.2% |
| Tax expense | 0.00 | n/a | n/a | 0.00 | -6.3% |
| Net profit margin | -3.91% | 0.85% | -4.75 pp | -8.72% | +4.81 pp |
| EPS, basic (₹) | -0.24 | 0.04 | n/a | -0.43 | +44.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The consolidated loss comes against a profit in the year-ago quarter, and revenue from operations carried the growth. Revenue from operations rose 44.6% YoY to ₹155.77 crore, while other income fell 35.7% to ₹2.25 crore, which is 1.4% of total income this quarter. Depreciation fell 25.2% YoY to ₹2.22 crore.
Finance costs of ₹2.61 crore are 1.7% of total income this quarter, up from ₹2.38 crore a year earlier. The statement shows a tax expense of ₹0.00 crore, and Note 10 says provision for tax is not required in these results given the company's accumulated losses.
The notes also show the ₹58.42 crore Alibaug JDA income recognised in the previous year and the ₹16.50 crore reversal of impairment of PPE in the half-year cash flow. The statement shows an exceptional items line of ₹(400.13) lakh, and the filing does not give its reason or period.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 156.81 | 109.42 | +43.3% | 117.10 | +33.9% | |
| Revenue from operations | 155.23 | 107.10 | +44.9% | 115.50 | +34.4% |
| Other income | 1.58 | 2.32 | -31.6% | 1.61 | -1.3% |
| -4.60 | 1.99 | n/a | -9.25 | +50.3% | |
| Profit before tax | -4.60 | 1.99 | n/a | -9.25 | +50.3% |
| Finance costs | 1.17 | 0.96 | +21.9% | 1.12 | +5.2% |
| Depreciation | 1.67 | 2.41 | -31.0% | 1.58 | +5.7% |
| Net profit margin | -2.93% | 1.81% | -4.75 pp | -7.90% | +4.97 pp |
| EPS, basic (₹) | -0.18 | 0.09 | n/a | -0.38 | +52.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The standalone result follows the same pattern. Revenue from operations rose 44.9% YoY to ₹155.23 crore, while other income fell 31.6% to ₹1.58 crore, or 1.0% of total income. Net profit moved from ₹1.99 crore a year earlier to a loss of ₹4.60 crore.
Consolidated net loss is ₹1.57 crore wider than standalone. Consolidated total income is ₹1.21 crore higher than standalone. Standalone finance costs of ₹1.17 crore are 0.7% of total income this quarter.
Inference
The filing says the Board approved, subject to shareholder approval, a subsequent increase in material related party transactions with Authum Investments & Infrastructure Limited for one year from member approval.
The company received ₹83.09 crore for 1,20,10,000 convertible share warrants during the quarter, allotted at a premium of ₹82.25 a share to promoter Vivek Prannath Talwar.
The ADGFT penalty of ₹170 crore has been confirmed by the Appellate Bench of DGFT, with no provision in the books; the company says the order is bad in law and has filed a Writ Petition in Bombay High Court. The filing does not give a hearing date or an expected outcome, and it does not say whether the balance of the Alibaug advance has been received.
Filed with BSE on . Reference: Original filing (PDF)
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