Nitco reports net loss of Rs 52.98 crore in Q2

Nitco Ltd. | Ceramics/Marble/Granite/Sanitaryware | Construction & Infrastructure | BSE: 532722 | NSE: NITCO

07 Nov 2012 Evaluate

Nitco has reported results for second ended September 30, 2012.

The company has reported a net loss of Rs 52.98 crore for the quarter ended September 30, 2012 as compared to a net profit of Rs 5.25 crore for the same quarter in the previous year. However, total income of the company has decreased by 0.35% at Rs 206.47 crore for quarter under review as compared to Rs 207.19 crore for the quarter ended September 30, 2011.

Nitco is engaged in the manufacture of flooring tiles in India. Previously known as Nitco Tiles, the company is one of the largest manufacturers of flooring tiles in India.

Peers

Company Name	CMP
Kajaria Ceramics	1215.20
Somany Ceramics	565.15
Cera Sanitaryware	5591.00
Asian Granito India	49.99
Orient Bell	388.75
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