Nitin Castings Limited , a manufacturer of alloy steel castings, has released its financial results for the first quarter, revealing a mixed performance with revenue growth but a significant decline in profitability.

Revenue Growth

The company reported a modest increase in revenue, which rose by 2.0% year-over-year to ₹3,914.83 lakhs. However, this figure represents a 5.4% sequential decline compared to the previous quarter.

Profit Decline

Despite the revenue growth, Nitin Castings experienced a substantial drop in profitability:

• Net profit after tax plummeted by 57.0% to ₹245.39 lakhs, down from ₹570.59 lakhs in the same quarter last year.
• Sequentially, net profit fell by 38.0% compared to the previous quarter.
• Earnings per share (EPS) decreased from ₹11.10 to ₹4.77 year-over-year.

Financial Performance Overview

Challenges and Industry Context

The significant decline in profitability despite revenue growth suggests that Nitin Castings is facing challenges in managing costs and maintaining margins. The company operates in the cyclical steel industry, which can be subject to fluctuations in raw material prices and demand.

Conclusion

Nitin Castings' quarterly results present a mixed picture, with revenue growth overshadowed by a sharp decline in profitability. The company will need to focus on operational efficiency and cost control measures to improve its bottom line in the coming quarters. Investors and analysts will be closely watching the company's future performance to see if it can address the challenges and improve its profit margins while maintaining revenue growth in the competitive alloy steel castings market.

Atlantaa Limited , a company listed on both the Bombay Stock Exchange and the National Stock Exchange, has received credit ratings from Infomerics Valuation and Rating Limited for its proposed bank facilities worth Rs. 100 crore. The ratings, assigned on July 21, 2025, reflect the company's financial standing and credit risk profile.

Credit Ratings Assigned

Infomerics has assigned the following ratings to Atlantaa Limited:

Understanding the Ratings

Long-Term Rating (IVR BB+)

This rating indicates moderate risk of default regarding timely servicing of financial obligations. The 'Stable' outlook suggests that the rating is likely to remain unchanged in the near term.

Short-Term Rating (IVR A4+)

This rating suggests a minimal degree of safety for short-term payment obligations, with very high credit risk.

Implications and Validity

The assigned ratings provide insights into Atlantaa Limited's creditworthiness:

1. The ratings apply to proposed bank facilities, including bank guarantees.
2. They are valid for one year from July 16, 2025.
3. Infomerics typically conducts formal surveillance within 12 months of the rating assignment.

Company's Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Atlantaa Limited has promptly disclosed this credit rating information to the stock exchanges. This transparency allows investors and stakeholders to make informed decisions based on the company's current financial risk profile.

About the Rating Process

Infomerics' rating process involves a thorough analysis of the company's financial statements, business model, and market position. The ratings are based on information provided by the company and other sources deemed reliable by the rating agency.

It's important to note that these credit ratings are opinions on the credit risk of the issuer and should not be considered as recommendations to buy, sell, or hold securities. Investors and stakeholders should use this information as one of many factors in their decision-making process.

Atlantaa Limited's management will need to ensure ongoing compliance with the rating agency's requirements, including providing timely information and updates on any material changes that could affect the company's credit profile.