Moneycontrol News
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
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