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.
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