Nitin Fire Protection Industries Limited (NITINFIRE)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Nitin Fire's revenue was ₹4.6 Cr (+39.9% year on year, -44.8% on the previous quarter), and net profit ₹-1.3 Cr (against a profit a year earlier); the operating margin was -27.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.6 | +39.9% | -44.8% |
| Operating profit | ₹-1.2 | loss widened | loss narrowed |
| Net profit | ₹-1.3 | to loss | loss narrowed |
| EPS (₹) | -0.05 | to loss | loss narrowed |
| Operating margin | -27.2% | — | — |
📢 Recent Corporate Announcements
Nitin Fire Protection Industries Limited has secured a purchase order to provide fire protection works for a global hyperscale data centre located in Navi Mumbai. The company did not disclose the financial value or execution timeline of the purchase order in its regulatory filing. For context, the company reported revenue of Rs 4.57 cr and a net loss of Rs 1.35 cr in the Jun 2026 quarter. While this establishes presence in critical infrastructure, the lack of quantified figures limits visibility on revenue impact.
- Purchase order received for fire protection works announced on 31.08.2026
- Project pertains to a global hyperscale data centre facility in Navi Mumbai
- Commercial order value and execution timeline were not disclosed in the filing
- Company reported revenue of Rs 4.5744 cr and a net loss of Rs 1.3491 cr in Jun 2026
Nitin Fire Protection Industries announced its financial results for the quarter ended June 30, 2026, alongside the re-appointment of M/s. Tolia & Associates as Statutory Auditors for FY 2026-27 through FY 2028-29. Consolidated revenue from operations stood at ₹457.44 lakhs compared to ₹327.21 lakhs in Q1 FY26, though total income fell from ₹1,074.87 lakhs to ₹478.79 lakhs due to significantly lower other income. The company reported a consolidated net loss of ₹134.91 lakhs against a net profit of ₹662.17 lakhs in the prior-year period. Furthermore, an interlocutory application for the cancellation and issuance of fresh equity shares remains pending.
- Q1 consolidated revenue from operations stood at ₹457.44 lakhs compared to ₹327.21 lakhs in Q1 FY26
- Consolidated net loss widened to ₹134.91 lakhs versus a net profit of ₹662.17 lakhs in Q1 FY26
- Total consolidated expenses increased to ₹607.67 lakhs from ₹412.44 lakhs in Q1 FY26
- Re-appointed M/s. Tolia & Associates as Statutory Auditors for a term from FY 2026-27 to FY 2028-29
- Company disclosed an active interlocutory application pending for cancellation and issuance of fresh equity shares
Nitin Fire Protection Industries reported its financial results for the quarter ended June 30, 2026, posting a consolidated net loss of ₹134.91 lakhs compared to a net profit of ₹662.17 lakhs in Q1 FY26. Consolidated revenue from operations increased 39.8% YoY to ₹457.44 lakhs from ₹327.21 lakhs, though total income dropped significantly from ₹1,074.87 lakhs due to a sharp fall in other income. On a standalone basis, the net loss stood at ₹128.80 lakhs on operational revenue of ₹432.44 lakhs. Additionally, the Board approved the re-appointment of statutory auditors M/s. Tolia & Associates for FY 2026-27 to FY 2028-29.
- Consolidated revenue from operations increased 39.8% YoY to ₹457.44 lakhs compared to ₹327.21 lakhs in Q1 FY26.
- Consolidated net loss recorded at ₹134.91 lakhs versus a profit of ₹662.17 lakhs in the prior-year period.
- Standalone revenue from operations was ₹432.44 lakhs with a net loss of ₹128.80 lakhs.
- Interlocutory application for cancellation and issuance of fresh equity shares remains pending.
- Re-appointed M/s. Tolia & Associates as Statutory Auditors for FY 2026-27 to FY 2028-29.
Nitin Fire Protection Industries Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. The closure is related to the upcoming declaration of unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated in due course.
- Trading window closure effective from Wednesday, July 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026.
- Restriction applies to all designated persons and their immediate relatives as per SEBI norms.
- Trading window will reopen 48 hours after the official announcement of the financial results.
Nitin Fire Protection Industries Limited has been awarded the EN ISO 9001:2015 Management System certification by TUV Austria GMBH. The certification covers the design, assembly, testing, and servicing of various fire detection and protection systems, including gaseous fire suppression and water-based systems. This quality standard is valid for a three-year period, effective from May 14, 2026, until May 13, 2029. The certification applies to the company's registered office in Mumbai and its two manufacturing units in the TTC Industrial Area, Navi Mumbai.
- Received EN ISO 9001:2015 certification from TUV Austria GMBH for management systems.
- Certification is valid for a 3-year duration expiring on May 13, 2029.
- Scope includes design, assembly, testing, and servicing of fire suppression, rodent, and water-based systems.
- Covers three locations: Mumbai Head Office, Unit 1 (Pawne MIDC), and Unit 2 (Turbhe MIDC).
- Initial certification date recorded as May 14, 2026.
Nitin Fire Protection Industries reported a standalone net profit of ₹991.65 lakhs for the full year ended March 31, 2026, up from ₹292.84 lakhs in FY25. However, the company recorded a standalone net loss of ₹326.26 lakhs in Q4 FY26, a reversal from the ₹360.50 lakhs profit in the same quarter last year. Annual revenue from operations reached ₹2,140.91 lakhs, though profitability was heavily supported by 'Other Income' of ₹1,619.70 lakhs. A significant legal matter regarding the cancellation and fresh issuance of equity shares remains pending.
- Full-year FY26 standalone net profit increased to ₹991.65 lakhs compared to ₹292.84 lakhs in FY25.
- Q4 FY26 standalone revenue stood at ₹767.07 lakhs with a net loss of ₹326.26 lakhs.
- Other income for FY26 contributed ₹1,619.70 lakhs, significantly impacting the overall profit figure.
- The company has an active interlocutory application for the cancellation and fresh issuance of equity shares.
- Earnings Per Share (EPS) for the full year FY26 improved to ₹0.33 from ₹0.10 in the previous year.
Nitin Fire Protection Industries Limited has addressed a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended December 31, 2025. The discrepancy involved Consolidated Earnings Per Share (EPS) figures in the XBRL filing not matching the PDF version. The company clarified that the error was inadvertent and has filed a revised XBRL report to ensure data consistency. This update is a procedural correction and does not impact the company's actual financial performance or reported profit figures.
- NSE flagged a discrepancy between XBRL and PDF filings for the quarter ended Dec 31, 2025.
- The inconsistency specifically related to Consolidated Earnings Per Share (EPS) figures.
- Company stated the mismatch was inadvertent and has submitted a revised XBRL filing.
- The clarification was issued under Regulation 33 of SEBI (LODR) Regulations, 2015.
Nitin Fire Protection Industries has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Private Limited, confirms that all dematerialization requests received during the quarter ended March 31, 2026, were processed within the stipulated 15-day timeframe. The Registrar and Share Transfer Agent (RTA) verified that security certificates were mutilated and cancelled after due verification. This filing is a standard procedural requirement for listed companies in India to ensure the integrity of electronic shareholding records.
- Compliance certificate issued for the quarter ended March 31, 2026
- Confirmation that dematerialization requests were processed and confirmed to depositories
- Security certificates were mutilated and cancelled within 15 days of receipt
- Registrar and Share Transfer Agent (RTA) Bigshare Services Pvt. Ltd. confirmed the compliance
Nitin Fire Protection Industries Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This routine regulatory action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially announced. The specific date for the board meeting to approve these results will be communicated at a later date.
- Trading window closure effective from April 1, 2026, for all designated persons and their immediate relatives.
- Closure is in anticipation of the audited financial results for the quarter and year ending March 31, 2026.
- The window will remain closed until 48 hours after the announcement of the financial results.
- The date for the Board meeting to declare results will be intimated in due course.
Nitin Fire Protection Industries has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025, as per SEBI Insider Trading regulations. The company confirmed that 2 Unpublished Price Sensitive Information (UPSI) events occurred during the quarter and both were captured in the database. However, the auditor noted a delay in recording these events, which the company attributed to operational constraints during its liquidation phase. Management has stated that processes have been strengthened post-revival to ensure real-time compliance moving forward.
- Successfully captured 2 UPSI events in the Structured Digital Database for the quarter ended December 31, 2025.
- Auditor AVS & Associates noted a delay in recording UPSI flow due to previous liquidation-related operational constraints.
- The company confirms the SDD system is non-tamperable and maintains an audit trail for 8 years.
- Management has implemented remedial actions to ensure real-time capture of sensitive information post-revival.
Nitin Fire Protection Industries has appointed Mr. Bharat Shah, a veteran with 47 years of experience, as its new Chief Financial Officer effective February 17, 2026. The company is actively seeking potential investors for recapitalization and exploring both organic and inorganic growth opportunities to revive operations. Additionally, the board has approved the appointment of new internal and secretarial auditors and moved its registered office. Crucially, the company has filed for the cancellation of a sale certificate in the Debt Recovery Tribunal (DRT) after accepting consent terms, signaling progress in legal and debt-related matters.
- Appointment of Mr. Bharat Shah as CFO, who has over 47 years of experience in legal, taxation, and financial matters.
- Company is actively looking for potential investors for recapitalization and exploring organic/inorganic growth.
- Filed for cancellation of sale certificate in DRT following the acceptance of consent terms.
- Appointment of M/s. Jimit Kamdar & Associates as Internal Auditors for FY 2025-26 and 2026-27.
- Registered office shifted to Neelkanth Business Park, Vidyavihar (West), Mumbai.
Nitin Fire Protection Industries has announced the appointment of Mr. Bharat Shah as CFO, bringing 47 years of experience to the leadership team. The company is actively seeking potential investors for recapitalization and exploring both organic and inorganic growth opportunities. In a significant legal move, the firm has filed for the cancellation of a sale certificate in the Debt Recovery Tribunal (DRT) after accepting consent terms. Additionally, new Secretarial and Internal Auditors have been appointed to oversee compliance for the upcoming financial years.
- Appointment of Mr. Bharat Shah as CFO effective February 17, 2026, who has been with the firm since 2006.
- Company is actively looking for potential investors to recapitalize the business and fund growth.
- Filed for cancellation of sale certificate in DRT, indicating progress in resolving debt-related legal hurdles.
- M/s. AVS & Associates and M/s. Jimit Kamdar & Associates appointed as Secretarial and Internal Auditors respectively.
- Registered office relocated from Powai to Vidyavihar (West), Mumbai.
Nitin Fire Protection Industries has announced the appointment of Bharat Shah as CFO, who brings 47 years of experience in legal and financial matters. The company is actively seeking potential investors for recapitalization and exploring both organic and inorganic growth opportunities to revive its operations. Additionally, the board has approved the relocation of its registered office and the appointment of new internal and secretarial auditors. Notably, the company has filed for the cancellation of a sale certificate in the Debt Recovery Tribunal (DRT) after accepting consent terms, indicating a potential shift in its legal and debt status.
- Appointment of Mr. Bharat Shah as CFO and KMP effective February 17, 2026, with 47 years of experience.
- Company is actively seeking potential investors for recapitalization to strengthen its balance sheet.
- Filed for cancellation of sale certificate in the Debt Recovery Tribunal (DRT) following accepted consent terms.
- Board approved exploring organic and inorganic growth opportunities as part of a future expansion strategy.
- New internal and secretarial auditors appointed for financial years spanning 2024-25 to 2026-27.
Nitin Fire Protection Industries Limited has successfully settled all outstanding loans with its financial creditors. Following this settlement, the company requested CRISIL Ratings to withdraw its ratings on bank loan facilities totaling Rs 450 Crore. CRISIL has officially withdrawn these ratings as of January 27, 2026. This move signifies a major cleanup of the company's balance sheet and the closure of multiple credit facilities across several major banks including IDBI and Axis Bank.
- Full settlement of all loans with financial creditors achieved by the company.
- CRISIL Ratings withdrawn for bank loan facilities totaling Rs 450 Crore.
- Affected facilities include Cash Credit (Rs 120 Cr), Letters of Credit (Rs 170 Cr), and Bank Guarantees (Rs 39 Cr).
- Key lenders involved in the settled facilities include IDBI Bank, Axis Bank, Bank of Baroda, and Dena Bank.
Nitin Fire Protection Industries reported a standalone revenue of ₹653.41 lakhs for the quarter ended December 31, 2025, with a marginal net profit of ₹1.33 lakhs. The company, previously under liquidation, has been sold as a 'going concern' with 'clean slate' status following an NCLT order in June 2025. Crucially, an interlocutory application has been filed for the cancellation of existing equity shares and the issuance of fresh shares. While the company continues operations, the final liquidation closure order and the outcome of the share capital restructuring are still awaited.
- Standalone revenue from operations stood at ₹653.41 lakhs for Q3 FY26, up from ₹595.14 lakhs in the same quarter last year.
- Net profit for the quarter was a marginal ₹1.33 lakhs compared to a massive exceptional-item-led profit in the previous year.
- The company has been successfully sold as a going concern under IBC with 'clean slate' status approved by NCLT Mumbai.
- An application for the cancellation of current equity shares and issuance of fresh equity is pending approval, posing a high risk to existing shareholders.
- Total income for the nine-month period ended December 31, 2025, reached ₹2,986.82 lakhs.
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