NOCIL Limited Earnings Summary — Q4 FY2026
NOCIL Reports Mixed Q4 Results with Sequential Profit Growth Amid Year-on-Year Revenue Compression
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹403 Cr is 19.9% higher year-on-year.
- Revenue has compounded at 5.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹28 Cr is 60.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -16.4% annualised across the period.
- Operating margin stands at 11.2% in Q1 FY2027.
- Operating margin expanded by 212 bps year-on-year.
- Over the last two years operating margin has expanded by 19 bps.
- PBT margin is 9.2%.
- Expense growth of 17.1% remained below revenue growth of 19.9%.
- Operating profit of ₹45 Cr is 47.9% higher year-on-year.
- Operating leverage continues to improve.
- 1 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 68/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 403 | 330 | 316 | 321 | 336 | 340 | 318 | 363 | 372 | 357 |
| Expenses | Stable | 358 | 309 | 289 | 298 | 306 | 305 | 294 | 325 | 331 | 312 |
| Operating Profit | Accelerating | 45 | 21 | 27 | 22 | 31 | 34 | 24 | 38 | 41 | 45 |
| Operating Margin | Accelerating | 11.2% | 6.4% | 8.5% | 7.0% | 9.1% | 10.1% | 7.5% | 10.4% | 11.0% | 12.5% |
| Other Income | Volatile | 6 | 14 | 1 | 10 | 7 | 6 | 9 | 8 | 9 | 25 |
| Interest | Softening | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | Stable | 14 | 14 | 14 | 14 | 14 | 13 | 14 | 13 | 13 | 13 |
| Profit Before Tax | Accelerating | 37 | 21 | 13 | 19 | 23 | 26 | 19 | 32 | 37 | 56 |
| Tax | Volatile | 9 | 4 | 4 | 6 | 6 | 5 | 6 | -10 | 10 | 14 |
| Net Profit | Volatile | 28 | 17 | 9 | 12 | 17 | 21 | 13 | 42 | 27 | 42 |
| Net Margin | Volatile | 6.9% | 5.2% | 2.9% | 3.8% | 5.1% | 6.1% | 4.0% | 11.6% | 7.3% | 11.7% |
Key Takeaways
- Net profit saw a significant sequential recovery of nearly 48% compared to Q3, though it remains lower than the previous year.
- Total Income for the quarter stood at ₹345.64 Crores, supported by a sharp rise in Other Income to ₹15.29 Crores.
- The Board recommended a final dividend of ₹1.50 per share (15% of face value) for FY2026.
- Operating margins remain under pressure globally due to intensive pricing competition from Chinese chemical manufacturers.
- NOCIL maintains a robust and virtually debt-free balance sheet with a total net worth exceeding ₹1,700 Crores.
- Annual performance for FY2026 shows a contraction in revenue to ₹1,302.97 Crores from ₹1,392.69 Crores in the prior year.
- Inventory costs saw a notable shift, with a ₹34.69 Crore addition to finished goods inventory during the quarter.
- Cost of materials consumed remained high relative to sales, reflecting persistent raw material cost headwinds.
Management Guidance
Management remains focused on the 'China Plus One' strategy to gain market share, despite current cyclical downturns and pricing pressures in the rubber chemicals segment.
Sentiment Shift
Improving
While YoY metrics are down, the strong QoQ recovery in profit and margin suggests the company may have passed the trough of the current cycle.
Outlook
The outlook is cautious but stabilizing as global destocking eases, though margin recovery will depend on the intensity of Chinese competition and global tyre demand.
From the Annual Report (Key Quotes)
“The Board has approved the Annual Audited Standalone and Consolidated Financial Results for the year ended March 31, 2026.”
“The Board of Directors has recommended final dividend of Rs. 1.50 per share.”
“Financial results give a true and fair view in conformity with the Indian Accounting Standards (Ind AS).”
Official Quarterly Documents
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This summary is AI-generated from NOCIL Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.