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    HomeNewsBusinessNitco rises 8% as company turns profitable in March quarter

    Nitco rises 8% as company turns profitable in March quarter

    Revenue from operation fell 12 percent at Rs 158.81 crore and EBITDA was up at Rs 1.4 crore.

    Moneycontrol News
    May 29, 2018 / 12:48 IST

    Shares of Nitco rose 8 percent intraday Tuesday as company turned profitable in the quarter ended March 2018 (Q4FY18).

    The company has reported profit of Rs 219.14 crore in Q4FY18 against loss of Rs 8 crore in the same quarter last year and in December 2017.

    The profit includes one-time gain of Rs 248 crore.

    Revenue from operation fell 12 percent at Rs 158.81 crore and EBITDA was up at Rs 1.4 crore.

    At 12:31 hrs Nitco was quoting at Rs 88.70, up Rs 4, or 4.72 percent on the BSE.

    Posted by Rakesh Patil
    Moneycontrol News
    first published: May 29, 2018 12:47 pm

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