Nitco Tiles posts Rs 13.20 cr profit for Q3

Mumbai, Jan 24 (UNI) Nitco Tiles has posted a profit of Rs 13.20 crores for the third quarter, an increase of 43 per cent over the corresponding period last fiscal.

Net sales stood at Rs 144.17 crore, a growth of 41 per cent against Rs 102.50 crore in Q3FY07. The EPS stood at Rs 4.70 against Rs 4.13.

The company has also raised Rs 166 crore through QIP placement with leading investors like Merrill Lynch, Ctigroup, Reliance Mutual Fund and Lehman Brothers, a press release here said.

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