NOCIL Ltd reported 5.65% growth in the Sep-20 quarter top line revenues at Rs221.59cr on a consolidated basis. NOCIL is into the rubber chemicals business and due to the lockdown the B2B clients of the company had been in the background. However, Sep-20 quarter did see a sharp recovery in sales with most of the industrial customers getting back to normal production numbers.
Profit after tax (PAT) for the Sep-20 quarter was down 69.38% at Rs16.82cr. The reason for the sharp fall in the net profits was more operational in nature. For the same top-line, the company saw its raw material cost escalate by nearly 25%, which led to deep operational and net losses in the said quarter. The PAT margins fell from 26.19% in the Sep-19 quarter to 7.59% in the Sep-20 quarter.
Financial highlights for Sep-20 compared yoy and sequentially
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NOCIL |
|
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|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
221.59 |
209.73 |
5.65% |
106.51 |
108.05% |
|
Profit After Tax (PAT) |
16.82 |
54.93 |
-69.38% |
11.95 |
40.75% |
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|
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|
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Diluted EPS (Rs) |
₹ 1.02 |
₹ 3.32 |
|
₹ 0.72 |
|
|
PAT Margins |
7.59% |
26.19% |
|
11.22% |
|
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