NOCIL shares dropped more than 5% after the company announced its poor Q3 results. As of 10:17 AM, shares were trading 5.33% lower at Rs 225.11.
The company reported a decline in revenue by 6.75%, bringing it to Rs 318 crore compared to Rs 341 crore in the previous year. Along with the revenue slump, NOCIL’s EBITDA also took a sharp hit, plunging 50.97% to Rs 24.02 crore, down from Rs 48.99 crore. This led to a substantial contraction in EBITDA margin, which fell to 7.55% from 14.36%, marking a decline of 681 basis points.
Furthermore, NOCIL’s net profit plummeted by 57%, reaching only Rs 12.9 crore, as opposed to Rs 30 crore in the corresponding quarter last year.
NOCIL shares opened at ₹228.00 and reached a high of ₹228.00, with a low of ₹221.14 during the trading session. The stock is currently trading between its 52-week high of ₹336.00 and 52-week low of ₹215.00.
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