Nitco Secures Rs 261 Crore Order from Prestige Estates: A Boost to Business Growth
Nitco has secured a significant Rs 261 crore order from Prestige Estates, underlining a robust business environment and reinforcing the company's strong execution capabilities in the real estate sector.
NitcoPrestige EstatesTiles ManufacturerReal EstateBusiness GrowthReal Estate NewsJun 23, 2025
The company anticipates completing the full order within the next twelve months. Nitco's management emphasized that this development highlights a strong business environment and reinforces the trust that leading real estate developers like Prestige Estates have in its execution capabilities. This milestone underscores Nitco’s reputation for quality and reliability in the industry.
Nitco is a well-established name in the tiles manufacturing sector, known for its extensive range of products including ceramic, vitrified, mosaic, natural stone tiles, and high-quality marble. The company’s commitment to innovation and quality has earned it a significant market share and a loyal customer base. In the fiscal year ending March 2025, Nitco reported a net loss of Rs 2.85 crore, a significant improvement from the net loss of Rs 54.94 crore in the same period the previous year. Additionally, net sales increased by 30.37% year-over-year to Rs 93.19 crore in Q4 March 2025.
The recent order from Prestige Estates not only boosts Nitco’s financial performance but also strengthens its position in the market. With a focus on delivering high-quality products and reliable service, Nitco is well-positioned to capitalize on the growing demand in the real estate sector. The company’s strategic partnerships and consistent performance are key factors driving its growth and success in a competitive market.
In conclusion, the Rs 261 crore order from Prestige Estates is a testament to Nitco’s strong business fundamentals and its ability to meet the demands of leading developers. As Nitco continues to expand its market reach and enhance its product offerings, it is poised for sustained growth in the coming years.
Frequently Asked Questions
What is the value of the new order secured by Nitco from Prestige Estates?
The new order secured by Nitco from Prestige Estates is worth Rs 261 crore.
What are the main products included in the order from Prestige Estates?
The order from Prestige Estates includes tiles, marble, and mosaic segments.
How long does Nitco expect to complete the full order?
Nitco anticipates completing the full order within the next twelve months.
What is Nitco's product range?
Nitco's product range includes ceramic, vitrified, mosaic, natural stone tiles, and high-quality marble.
How did Nitco perform financially in Q4 March 2025?
In Q4 March 2025, Nitco reported a net loss of Rs 2.85 crore, a significant improvement from the net loss of Rs 54.94 crore in the same period the previous year. Net sales rose 30.37% year-over-year to Rs 93.19 crore.
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