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NOCIL Limited Q3FY23 Earnings Story

The rubber chemicals produced by NOCIL Ltd., a company founded in 1961, is utilised by the tyre industry and other businesses that handle rubber.

Financial Results:

The NOCIL Q3FY23 results were poor. Due to the low volume demand, revenue decreased by 16%. EBITDA was also negatively impacted and gross margins shrunk.

Management on Sales:

Domestic volumes remain robust on a YTD basis. 

On a sequential basis, exports have been flat whereas domestic has de-grown. 

Volumes in Q4FY23 expected to improve sequentially

Management on Revenue:

YTD Dec 22 revenues registered a growth of 10% on Y-o-Y basis.

As indicated earlier, selling prices experienced downward correction in line with the input price corrections.

Revenue in Q4FY23 expected to improve sequentially.

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