NOCIL reported a sharp decline in its September quarter earnings, with net profit falling 71.23% year-on-year to ₹12.12 crore from ₹42.13 crore. The rubber chemicals maker also saw revenue decline 11.6% to ₹321 crore, compared to ₹363 crore in the same period last year, reflecting continued demand softness in the tyre and automotive supply chain.
Operating performance weakened as well, with EBITDA dropping 40% to ₹22.78 crore versus ₹37.85 crore a year ago. EBITDA margin contracted to 7.1% from 10.4% in the year-ago quarter, pressured by lower realizations and cost headwinds.
The performance highlights ongoing sectoral challenges amid subdued industrial demand and pricing pressures.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
