NITCO Q3 FY24 Results

NITCO has released its financial results for the Q3 quarter of Financial Year 23-2024. Here's a comprehensive breakdown of the company's performance:

Revenue Analysis

• Current Quarter Revenue: Rs. 80.48 Cr
• Quarter-on-Quarter (QoQ) Change: -0.06% (Previous Quarter: Rs. 80.53 Cr )
• Year-on-Year (YoY) Change: -28.61% (Same Quarter Last Year: Rs. 112.73 Cr )

Profitability Metrics

• Net Profit: Rs. -45.15 Cr
• QoQ Profit Change: 42.66% (Previous Quarter: Rs. -31.65 Cr )
• YoY Profit Change: 30.95% (Same Quarter Last Year: Rs. -34.48 Cr )

Shareholder Returns

• Earnings Per Share (EPS): Rs. -6.28
• QoQ EPS Change: 42.73% (Previous Quarter: Rs. -4.40)
• YoY EPS Change: 30.83% (Same Quarter Last Year: Rs. -4.80)

Performance Summary

Mixed

NITCO had mixed results. Profits are up, but sales are down. They might be cutting costs or focusing on more profitable products.

This analysis provides a snapshot of NITCO's financial performance. Investors and analysts should consider these results in the context of broader market trends and the company's long-term strategy.