NOCIL announced that the 60th Annual General Meeting (AGM) of the company will be held on 23 July 2022.

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NOCIL announced that the Board of Directors of the Company at its meeting held on 17 May 2022, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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The company said that the selling price increase continues to offset input price rise with a time lag and to compensate for the higher freight cost as well as utilities impact. It had implemented Price hikes in Q4 FY22 as announced earlier.

Operating EBITDA increased by 113% to Rs 111 crore in Q4 FY22 from Rs 52 crore in Q4 FY21. Operating EBITDA margin was 24.1% in Q4 FY22 as against 16.3% in Q4 FY21.

Profit before tax in Q4 FY22 stood at Rs 96 crore, up by 116% from Rs 44 crore in Q4 FY21.

The company reported 99% increase in consolidated net profit to Rs 176 crore on a 70% rise in net revenue from operations to Rs 1,571 crore in FY22 over FY21.

The board of directors has proposed a dividend of Rs 3 per equity share.

NOCIL is in the business of manufacturing of rubber chemicals. It offers basic organic chemicals. The firm is engaged in the business of manufacturing and trading of rubber chemicals.

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Net profit of NOCIL rose 84.62% to Rs 68.92 crore in the quarter ended March 2022 as against Rs 37.33 crore during the previous quarter ended March 2021. Sales rose 43.71% to Rs 462.74 crore in the quarter ended March 2022 as against Rs 321.99 crore during the previous quarter ended March 2021.

For the full year,net profit rose 99.20% to Rs 176.11 crore in the year ended March 2022 as against Rs 88.41 crore during the previous year ended March 2021. Sales rose 69.93% to Rs 1571.31 crore in the year ended March 2022 as against Rs 924.66 crore during the previous year ended March 2021.

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