By: ICN Bureau
Last updated : May 12, 2026 10:06 am
The drop in revenue and profit is due to the continued dumping of low-priced rubber chemical imports
NOCIL Ltd reported its Q4 and FY26 financial results for the period ending March 31, 2026, showing a mix of sequential recovery in profits alongside significant year-on-year declines in profitability and revenue due to challenging industry conditions.
FY26 net profit declined ~46% year-on-year to Rs. 55.63 crore, down from Rs. 102.86 crore in FY25.
Q4 net profit rose 84% sequentially (compared to Q3 FY26), but fell 18.2% compared to the same quarter last year (Q4 FY25), reaching Rs. 17 crore.
Revenue in Q4 fell 2.75% YoY to Rs. 330.35 crore, though it rose 4.59% quarter-on-quarter.
FY26 revenue decreased to Rs. 1,302.97 crore, down from Rs. 1,392.69 crore in FY25.
The drop in revenue and profit is due to the continued dumping of low-priced rubber chemical imports that reduced pricing power in the domestic market. Moreover, elevated raw material and freight costs impacted margins, alongside exceptional expenses of Rs. 5.39 crore related to new labor codes.
The company completed its TDQ expansion at Dahej with trial production commenced. A new investment of Rs. 130 crore is planned for a specialized rubber chemicals facility, expected by H1 FY28.