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NOCIL Ltd Q3FY24; 58% rise 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 Q3FY24 of ₹341.00 Crores up from ₹326.00 Crore year on year, a rise of 4.6%.

Total Expenses for Q3FY24 of ₹305.00 Crores up from ₹302.00 Crores year on year, a rise of 0.99%.

Consolidated Net Profit of ₹30.00 Crores up 57.89% from ₹19.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.80, up 60.71% from ₹1.12 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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