NOCIL Limited, largest rubber chemical manufacturer in India, today declared its financial results for the quarter ended June 30, 2024. NOCIL had already announced an investment of Rs. 250 crores to strengthen their market presence in the rubber chemical space. They remain deeply committed to sustainability, prioritising responsible practices and advanced research and development as key drivers for long-term success.

Commenting on the results, Anand VS, Managing Director, NOCIL Limited, said, "Our company continues to demonstrate resilience and adaptability, inspite of macro-environment headwinds we stay on our growth path both in the domestic and international markets.  We are also making progress with our Rs. 250 crores capacity expansion project in Dahej. This expansion is critical to our long-term growth strategy, ensuring that we are well positioned to capitalize on emerging opportunities and cater to the growing demand from our customers.  Our focus on innovation, customer-centricity, and sustainability continues to drive our business, enabling us to maintain our leadership position in the rubber chemicals industry.”

Consolidated Highlights Q1FY25

*Consolidated Revenue from operations stood at Rs. 372.17 Crores as compared to Rs. 356.50 Crores for previous quarter.

*Consolidated EBITDA for the quarter stood at Rs. 41.05 Crores, down by 8% as compared to previous quarter, mainly on account of Q1FY25 being a seasonal quarter.

*Operating PBT for Q1FY25 stood at Rs. 37 crores as compared to Rs. 38 crores in Q4FY24

Standalone Highlights Q1FY25

*Standalone Revenue from operations stood at Rs. 372.17 crores as compared to rs. 356.50 crores for previous quarter.

* Standalone Profit After Tax from continuing operations was Rs. 27.23 crores as compared to Rs. 41.13 crores for previous quarter.

*Capex program of Rs. 250 crores in Dahej facility.