Nitco Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board of Directors of NITCO Limited has approved the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2024. Revenue from operations for the standalone entity stood at ₹13,478.98 crores, while the consolidated revenue was ₹13,623.43 crores. Notably, both standalone and consolidated reports reflected a loss of ₹7,553.66 crores and ₹8,943.31 crores, respectively, after accounting for exceptional items. The company continues to face significant financial challenges, and ongoing restructuring efforts are underway to address extensive debt obligations.