Tiles manufacturer Nitco Ltd today said its net profit declined by 25.14% to Rs 5.3 crore for the third quarter ended December 31, 2011, vis-a-vis the same period last fiscal.
The company had posted a net profit of Rs 7.1 crore for the corresponding period of the previous fiscal, Nitco Ltd said in a filing to the BSE.
Net sales of the company, however, rose to Rs 263.5 crore in the third quarter from Rs 165.45 crore in the same period last fiscal
. Shares of Nitco were trading at Rs 39.9 on the BSE, down 4.09% from their previous close.