Moneycontrol
Feb 14, 2018 11:50 AM IST | Source: Moneycontrol.com

Nitco hits 52-week high; narrows net loss in Q3

The company's Q3 loss narrowed to Rs 8.1 crore from Rs 9 crore in year-ago due to improvement in operational performance.

 
 
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Shares of Nitco touched 52-week high of Rs 142.25, surging 17.7 percent intraday Wednesday as company narrowed its net loss in the quarter ended December 2017.

The company's Q3 loss narrowed to Rs 8.1 crore from Rs 9 crore in year-ago due to improvement in operational performance.

Revenue from operations slipped 17.1 percent year-on-year to Rs 137.8 crore while operating profit increased 28 percent to Rs 1.6 crore and margin expanded 40 basis points to 1.1 percent in Q3.

At 11:46 hrs Nitco was quoting at Rs 135.10, up Rs 14.30, or 11.84 percent on the BSE.

Posted by Rakesh Patil
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