NOCIL Limited , a leading manufacturer of rubber chemicals, has released its financial results for the second quarter and half-year ended September 30, 2025, showcasing a mixed performance with declining revenue but improved profitability.

Revenue and Profitability

For the quarter ended September 30, 2025, NOCIL reported standalone revenue from operations of Rs. 320.56 crores, marking a decrease from Rs. 336.22 crores in the previous quarter and Rs. 362.70 crores in the same quarter last year. Despite the revenue decline, the company's net profit after tax improved to Rs. 17.26 crores, up from Rs. 16.58 crores in the previous quarter but lower than the Rs. 41.46 crores recorded in the corresponding quarter of the previous year.

Half-Year Performance

For the half-year ended September 30, 2025, NOCIL's standalone revenue from operations stood at Rs. 656.78 crores, compared to Rs. 734.87 crores in the same period last year. The net profit after tax for the half-year was Rs. 33.84 crores, a decrease from Rs. 68.69 crores in the previous year's corresponding period.

Financial Highlights

Operational Performance

The company's cost of materials consumed decreased to Rs. 179.00 crores in Q2 FY2026 from Rs. 194.34 crores in the previous quarter. Employee benefits expense remained relatively stable at Rs. 23.19 crores compared to Rs. 23.03 crores in Q1 FY2026.

Balance Sheet Position

As of September 30, 2025, NOCIL's total assets stood at Rs. 2,064.45 crores, slightly up from Rs. 2,044.40 crores as of March 31, 2025. The company's equity share capital remained unchanged at Rs. 167.02 crores.

Conclusion

NOCIL Limited's Q2 FY2026 results present a picture of resilience in the face of revenue challenges. While the top line has seen a decline, the company has managed to improve its profitability compared to the previous quarter. However, the year-on-year comparison shows that NOCIL is still facing headwinds in matching its previous year's performance. The company's ability to manage costs while navigating current market conditions will be crucial for its performance in the coming quarters.

NOCIL Limited, a leading manufacturer of rubber chemicals, has reported a decline in its financial performance for the first quarter ended June 30. The company's results show a decrease across major financial metrics compared to the same period last year.

Revenue and Profit

NOCIL's revenue from operations decreased to ₹336.22 crore in Q1, down from ₹372.17 crore in the corresponding quarter of the previous year, marking a decline of approximately 9.7%. The company's net profit after tax (PAT) dropped significantly to ₹16.58 crore from ₹27.23 crore year-over-year, representing a decrease of about 39.1%.

EBITDA and Margin

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to ₹29.60 crore from ₹39.70 crore in the same period last year. Consequently, the EBITDA margin compressed to 8.80% from 10.69% in the corresponding quarter of the previous year.

Expenses and Other Financials

Despite the decrease in revenue, NOCIL's total expenses remained relatively stable at ₹320.35 crore compared to ₹345.69 crore in Q1 of the previous year. The cost of materials consumed stood at ₹194.34 crore, down from ₹205.89 crore in the previous year's quarter.

Other key financial highlights for Q1 include:

Consolidated Results

On a consolidated basis, NOCIL reported a total income of ₹342.82 crore and a profit after tax of ₹17.26 crore for Q1. The company's wholly-owned subsidiary, PIL Chemicals Limited, contributed to the consolidated results with revenues of ₹4.39 crore and a net profit after tax of ₹0.71 crore for the quarter.

Management Commentary

While the company did not provide specific management commentary in the financial release, the results indicate challenging market conditions for NOCIL in the rubber chemicals sector. The decline in revenue and profitability may be attributed to factors such as reduced demand, pricing pressures, or increased competition in the industry.

NOCIL's board of directors reviewed and approved these unaudited financial results at their meeting held on August 7. The company continues to focus on its core business of manufacturing rubber chemicals, which constitutes a single reportable segment as per Indian Accounting Standards.

Investors and stakeholders will be watching closely to see how NOCIL addresses these challenges and works towards improving its financial performance in the coming quarters.