NOCIL (NOCIL) Q1 25/26 earnings summary

Executive summary

• Revenue from operations for Q1 FY26 was INR 336 crores, showing a flat sequential performance amid moderate volume and export growth, but continued domestic dumping pressure.

• Largest rubber chemicals manufacturer in India with global recognition, focusing on sustainable growth, green chemistry, and responsible care.

• Strong export strategy and China+1 positioning to reduce reliance on China and expand global presence.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26, prepared in accordance with Ind AS 34 and SEBI regulations.

Financial highlights

• Q1 FY26 revenue at INR 336.22 crores, down from INR 340 crores in Q4 FY25 and INR 372.17 crores in Q1 FY25.

• EBITDA for Q1 FY26 at INR 31 crores, with EBITDA margin at 9.1%.

• Profit after tax for Q1 FY26 at INR 17.26 crores (consolidated), down from INR 21 crores in Q4 FY25 and INR 27.06 crores in Q1 FY25.

• Net profit margin for Q1 FY26 at 5.1%, down from 6.1% in Q4 FY25 and 7.3% in Q1 FY25.

• FY25 revenue at INR 1,393 crores and net profit at INR 103 crores, both down year-over-year.

Outlook and guidance

• Dahej brownfield expansion underway with INR 250 crore capex to enhance production capabilities, especially for TDQ antioxidant portfolio.

• Confident of maintaining volume growth path despite a slow start to the quarter; aspiration for double-digit volume growth remains.

• New product commercialization and capacity expansion expected to support future growth, with trial production from new facility expected in H1 FY 2026/2027 and revenues in H2 FY 2027.

• Continued focus on energy efficiency, environmental stewardship, and sustainable innovation.