Revenue up 20% to Rs. 403 crore
NOCIL Limited reported a 20% year-on-year revenue increase to Rs. 403 crore for Q1 FY27, driven by higher selling prices amid rising input costs. Net profit rose 61% to Rs. 28 crore, with EBITDA margins expanding 210 basis points to 11.2% due to improved operational efficiency and inventory gains.
Volumes grew 9% year-on-year, led by strong double-digit growth in domestic demand following the implementation of GST 2.0, alongside continued conversion of the Company's export pipeline.
The company has separately announced a further Rs. 130 crore brownfield capital expenditure programme at its Dahej facility, aimed at expanding capacity for peak-utilisation rubber chemical products through an integrated, backward-integrated facility. This is in addition to the Rs. 250 crore capex programme already underway at Dahej, which has moved into trial production.
The new investment, targeted for completion by H1FY28, will be funded largely through internal accruals.
Commenting on the results, V.S. Anand, Managing Director, NOCIL Limited, said: “Our performance this quarter reflects consistent execution across both our domestic and export businesses in a challenging environment. Beyond the numbers, we are equally focused on building for the future, our expanded investment at Dahej reinforces our commitment to structured capacity augmentation, backward integration and long-term competitiveness in a market that is increasingly looking to India as a reliable manufacturing partner.”
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