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.