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NOCIL Ltd Q2FY24; 25% fall in Profits

NOCIL Ltd., incorporated in 1961, manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries. It is a part of Arvind Mafatlal Group and is the Largest Rubber Chemicals Manufacturer in India.

Financial Results:

  • NOCIL Ltd reported Revenues for Q2FY24 of ₹351.00 Crores down from ₹389.00 Crore year on year, a fall of 9.77%.
  • Total Expenses for Q2FY24 of ₹319.00 Crores down from ₹341.00 Crores year on year, a fall of 6.45%.
  • Consolidated Net Profit of ₹27.00 Crores down 25.0% from ₹36.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.63, down 23.83% from ₹2.14 in the same quarter of the previous year.
Tags: tyres
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