Nitco Secures Rs 19.4 Crore Tile Orders for Major Real Estate Projects
Nitco has secured Rs 19.44 crore worth of tile and marble supply contracts from Prestige Estates and Lodha Group, boosting its presence in the premium building materials market. The orders will support major residential and commercial projects across India over the next 12 months.
NitcoReal EstateConstruction MaterialsPrestige EstatesLodha GroupReal Estate NewsSep 15, 2025
The company will supply tiles and marble to ongoing residential and commercial projects led by the two developers. The supply contracts are expected to be executed over a 12-month period. Nitco emphasized that these transactions are being carried out on an arm's length basis, and there is no involvement of promoters or related parties.
The development reflects strong ongoing demand for construction materials, driven by active infrastructure and housing projects across the country. As real estate developers ramp up new launches and project completions, suppliers like Nitco stand to benefit from increased procurement needs.
This announcement also follows Nitco’s turnaround in Q1 FY26, where the company posted a net profit of Rs 47.46 crore, a significant recovery from a net loss of Rs 43.52 crore in the same quarter last year. Revenue from operations also jumped 114.8% year on year, reaching Rs 149.66 crore.
Nitco's continued collaboration with top developers not only strengthens its position in the construction value chain but also signals resilience and growth in the real estate-driven materials industry. The company's strong performance and strategic partnerships are expected to further solidify its market position in the coming years.
Frequently Asked Questions
What is the total value of the tile and marble supply contracts secured by Nitco?
The total value of the tile and marble supply contracts secured by Nitco is Rs 19.44 crore.
Which real estate developers have placed orders with Nitco?
The real estate developers that have placed orders with Nitco are Prestige Estates Projects and Lodha Group.
What types of projects will Nitco supply tiles and marble to?
Nitco will supply tiles and marble to ongoing residential and commercial projects led by Prestige Estates and Lodha Group.
How long is the expected execution period for these supply contracts?
The supply contracts are expected to be executed over a 12-month period.
What was Nitco's net profit in Q1 FY26, and how does it compare to the same period last year?
Nitco's net profit in Q1 FY26 was Rs 47.46 crore, a significant recovery from a net loss of Rs 43.52 crore in the same quarter last year.
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