NOCIL Q3 FY24 PAT up 58% YoY to Rs 30 Cr
General

NOCIL Q3 FY24 PAT up 58% YoY to Rs 30 Cr

Operating EBITDA jumped 28.94% to Rs 49 crore in Q3 FY24 as against Rs 38 crore posted in Q3 FY23

  • By ICN Bureau | February 17, 2024

Specialty chemical maker NOCIL has posted Q3 FY24 consolidated PAT at Rs 30 crore, reflecting a jump of 57.89% on 4.57% increase in net revenue from operations to Rs 340.62 crore in Q3 FY24 over Q3 FY23.

Profit before tax stood at Rs 41 crore in the quarter ended 31 December 2023, registering a growth of 64% from Rs 25 crore recorded in the corresponding quarter previous year.

Operating EBITDA jumped 28.94% to Rs 49 crore in Q3 FY24 as against Rs 38 crore posted in Q3 FY23. Operating EBITDA margin improved to 14.3% in Q3 FY24 as compared with 11.7% reported in the same period last year.

On nine-month basis, the companys consolidated net profit declined 24.79% to Rs 91 crore despite of 11.11% rise in net revenue from operations to Rs 1,088 crore in 9M FY24 over 9M FY23.

Register Now to Attend E-Conference on Digital Transformation: The Catalyst for Agile and Smarter Process R&D on June 4 at 3:00 - 4:30 PM IST

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization