Nitco Q4 FY26: Revenue surge, margins improve, profits still pressured

Revenue from operations was 539.71 crore in FY26 versus 311.77 crore in FY25, a 73% year-on-year increase, as per the P&L table.

Q4 FY26 revenue from operations was 151.75 crore versus 92.93 crore in Q4 FY25 (63% YoY). Reported PAT was -6.36 crore versus -1.94 crore.

The presentation shows gross margin improving to 28% in FY26 from 24% in FY25. Quarterly gross margin for Q4 FY26 is shown as 28%.

The presentation states 15 new stores were launched during the quarter, and management targets expanding to 1,200+ dealers over the next 2-3 years.

It disclosed about 445+ acres of land across Maharashtra and Goa, FY26 unlocking of 58 crores, a Thane monetization with estimated 10.0 crore realization, and an Alibaug JDA expected to yield 350 crores over 3 years.

Promoter and promoter group 20%, Authum Investment and Infrastructure Limited 47%, and Others 33% (post conversion of warrants).