Nitin Castings Reports Lower Profits in Q2 FY2026 Amid Revenue Decline

Nitin Castings Limited , a manufacturer of alloy steel castings, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company experienced a decline in both revenue and profitability compared to the same period last year.

Financial Performance

The company reported the following key financial metrics for Q2 FY2026:

Particulars (in Rs. Lakhs)	Q2 FY2026	Q2 FY2025	YoY Change
Total Income	3,688.35	3,837.06	-3.88%
Profit Before Tax	203.48	744.33	-72.66%
Profit After Tax	148.32	570.59	-74.01%
EPS (Basic & Diluted)	2.88	11.10	-74.05%

The total income for the quarter stood at Rs. 3,688.35 lakhs, representing a decrease of 3.88% from Rs. 3,837.06 lakhs in the corresponding quarter of the previous year.

Profitability

Nitin Castings experienced a significant drop in profitability during the quarter. The profit after tax (PAT) decreased by 74.01% to Rs. 148.32 lakhs, compared to Rs. 570.59 lakhs in Q2 FY2025.

The company's earnings per share (EPS) also reflected this downturn, decreasing from Rs. 11.10 in Q2 FY2025 to Rs. 2.88 in Q2 FY2026, a decline of 74.05%.

Half-Year Performance

For the half-year ended September 30, 2025, Nitin Castings reported:

Particulars (in Rs. Lakhs)	H1 FY2026	H1 FY2025	YoY Change
Total Income	7,521.41	8,158.96	-7.81%
Profit Before Tax	947.81	1,081.07	-12.33%
Profit After Tax	718.77	816.01	-11.91%
EPS (Basic & Diluted)	13.98	15.87	-11.91%

The half-yearly results also show a decline across all major financial parameters.

Balance Sheet Highlights

As of September 30, 2025, Nitin Castings reported:

Total Assets: Rs. 14,693.54 lakhs
Total Equity: Rs. 8,822.49 lakhs
Current Assets: Rs. 11,222.14 lakhs
Current Liabilities: Rs. 5,382.62 lakhs

Cash Flow

For the half-year ended September 30, 2025, the company reported:

Net Cash flow from Operating Activities: Rs. 442.81 lakhs
Net Cash flow from Investing Activities: Rs. (546.50) lakhs
Net Cash flow from Financing Activities: Rs. 106.78 lakhs

The positive operating cash flow, despite the decline in profits, suggests that the company is managing its working capital effectively.

Conclusion

Nitin Castings Limited faces challenges as evidenced by the decline in revenue and profitability in Q2 FY2026. The financial results indicate a downturn in the company's performance compared to the previous year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.43%	+8.53%	+2.22%	-19.92%	-23.44%	+1,061.54%

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.