Nocil reports healthy performance across the board

Nocil consolidated revenue for the second quarter of FY19 came in at Rs. 271.99 crore, registering 19.5 per cent yoy increase.

EBITDA for the quarter rose by 29.6 per cent yoy to Rs. 78.91 crore with a corresponding margin expansion of 226 bps. EBITDA margin for the quarter stood at 29 per cent.

The PAT for the quarter came in at Rs. 52.84 crore, yoy increase of 38.8 per cent.

Post this robust quarterly numbers, the stock of Nocil surged almost 5.5 per cent on the bourses and touched an intraday high of Rs. 160.90 apiece. The stock closed for the day at Rs. 158 apiece, up by almost 3.5 per cent from its previous close.

NOCIL Limited is an India-based company which offers basic organic chemicals. The company is engaged in the business of manufacturing and trading of rubber chemicals. The company's brands PILFLEX Antidegradants, PILNOX Antioxidants, PILCURE Accelerators, Post Vulcanization Stabilizer and PILGARD Pre Vulcanization Inhibitor are used in both domestic, as well as international markets.