NOCIL operations grew 20 percent first quarter

Mumbai, India – NOCIL Limited, India’s largest manufacturer of rubber chemicals, reported its financial results for the first quarter of FY27. Revenue from operations grew 20% year-on-year to ₹403 crore, mainly driven by increased selling prices on account of sharp increase in input costs, and net profit rose 61% to ₹28 crore, with EBITDA margin expanding to 11.2%, up 210 basis points over the previous year due to a combination of improved operating efficiency and inventory gains.

Volumes grew 9% year-on-year, led by strong double-digit growth in domestic demand following the implementation of GST 2.0, alongside continued conversion of the Company’s export pipeline.

The Company has separately announced a further ₹130 crore brownfield capital expenditure programme at its Dahej facility, aimed at expanding capacity for peak-utilisation rubber chemical products through an integrated, backward-integrated facility. This is in addition to the ₹250 crore capex programme already underway at Dahej, which has moved into trial production.

The new investment, targeted for completion by H1FY28, will be funded largely through internal accruals.
Commenting on the results, Mr. V.S. Anand, Managing Director, NOCIL Limited, said:

“Our performance this quarter reflects consistent execution across both our domestic and export businesses in a challenging environment. Beyond the numbers, we are equally focused on building for the future, our expanded investment at Dahej reinforces our commitment to structured capacity augmentation, backward integration and long-term competitiveness in a market that is increasingly looking to India as a reliable manufacturing partner.”