NewsEarningsNitin Castings Reports 132% Surge in Q1 Net Profit, Driven by Strong Other Income GrowthNitin Castings Reports 132% Surge in Q1 Net Profit, Driven by Strong Other Income Growth
Nitin Castings, an alloy steel castings manufacturer, reported a 132% increase in net profit to Rs 570.59 crore for Q1 FY2026, up from Rs 245.39 crore in the previous quarter. This significant growth occurred despite a 9.40% year-on-year decrease in net sales to Rs 3,574.54 crore. The company's other income saw a substantial rise to Rs 262.53 crore, contributing to the profit surge. Earnings per share more than doubled to Rs 11.10. The company demonstrated improved operational efficiency with total expenditure at Rs 3,092.73 crore.
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Nitin Castings , a manufacturer of alloy steel castings, has reported a remarkable financial performance for the quarter ended June 30. The company's net profit soared by 132% to Rs 570.59 crore, compared to Rs 245.39 crore in the previous quarter and Rs 396.08 crore in the same quarter last year.
Financial Highlights
| Particulars (in Rs crore) | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | YoY Change |
|---|---|---|---|---|
| Net Sales | 3,574.54 | 3,858.04 | 3,947.41 | -9.40% |
| Other Income | 262.53 | 56.79 | 149.90 | 75.10% |
| Total Income | 3,837.06 | 3,914.83 | 4,097.32 | -6.40% |
| Net Profit | 570.59 | 245.39 | 396.08 | 44.10% |
| EPS (Rs) | 11.10 | 4.77 | 7.70 | 44.20% |
Revenue and Profitability
Despite a 9.40% year-on-year decrease in net sales to Rs 3,574.54 crore, Nitin Castings managed to significantly boost its bottom line. The company's total income for the quarter stood at Rs 3,837.06 crore, down 6.40% from the corresponding quarter of the previous year.
The standout feature of this quarter's performance was the surge in other income, which jumped to Rs 262.53 crore from Rs 56.79 crore in the previous quarter. This substantial increase in other income played a crucial role in driving the company's profitability.
Operational Efficiency
Nitin Castings demonstrated improved operational efficiency during the quarter. The total expenditure was Rs 3,092.73 crore, with the cost of materials consumed being the largest component at Rs 2,647.64 crore. The company's ability to manage costs effectively contributed to the significant increase in net profit.
Earnings Per Share
The company's earnings per share (EPS) more than doubled to Rs 11.10 from Rs 4.77 in the previous quarter, reflecting the strong bottom-line growth.
Company Overview
Nitin Castings operates in the manufacturing sector, specializing in alloy steel castings. The company functions as a single reportable segment, focusing on its core business of producing high-quality castings for various industrial applications.
Management Approval
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14. The meeting commenced at 3:00 p.m. and concluded at 3:45 p.m.
Nitin Castings' strong performance, particularly the significant growth in net profit and other income, demonstrates the company's resilience and ability to capitalize on opportunities despite challenging market conditions.
Historical Stock Returns for Nitin Castings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.32% | +4.44% | +4.69% | +20.12% | -12.20% | +1,234.72% |
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