Nitin Castings Profit Drops 14% in FY26 Amid Voluntary Delisting Plans

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AuthorAarav Shah|Published at:
Nitin Castings Profit Drops 14% in FY26 Amid Voluntary Delisting Plans
Overview

Nitin Castings saw its net profit fall by 14.36% to ₹10.63 crore in FY26, with revenue also dipping 2.31% to ₹147.09 crore. An exceptional expense linked to labor code changes affected the results, as the company moves forward with its plan to voluntarily delist.

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Nitin Castings Reports FY26 Financials Amid Delisting Move

Nitin Castings has announced its financial results for the fiscal year 2026, revealing a decrease in both profit and revenue. The company's net profit after tax for FY26 stood at ₹10.63 crore, marking a 14.36% decline compared to the previous year.

Revenue from operations also experienced a slight downturn, falling by 2.31% to ₹147.09 crore in the same period. The company attributed part of the profit decrease to an exceptional expense incurred due to changes related to labor codes.

Despite the financial dip, Nitin Castings confirmed that it is continuing with its proposal to voluntarily delist from stock exchanges. This move is a significant development for the company and its shareholders.

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