On a consolidated basis, NOCIL's net profit surged 78.29% to Rs 29.99 crore on a 69.30% jump in revenue from operations to Rs 375.16 crore in Q2 September 2021 over Q2 September 2020.
On a consolidated basis, operating EBITDA grew 57% to Rs 50 crore in Q2 FY22 from Rs 32 crore in Q2 FY21. Operating EBITDA margin stood at 13.4% in Q2 FY22 as against 14.4% in Q2 FY21. Profit margin rose to 8% in Q2 FY22 as compared to 7.6% in Q2 FY21.
Sales Volumes jumped 17.39% to 135 million tonnes (MT) in Q2 September 2021 over 115 MT in Q2 September 2020. Operating activities showed improvement post second wave of COVID-19 at domestic customer's end. Utilization levels crossed pre-COVID levels on monthly run rate basis. Sequential growth in volumes was at 5%.
Shares of NOCIL declined 2.95% to Rs 261.45 on BSE. 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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