NOCIL Q2FY27 Revenue Up 33% YoY, Confirms Upper Guidance Range

Filing Reference: Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Net Revenue from Operations: ₹427 crores, representing 33% year-on-year growth from Q2FY26 (₹321 crores) and 6% quarter-on-quarter growth from Q1FY27 (₹403 crores)
Operating EBITDA: ₹36 crores with margin of 8.4%, showing 61% YoY growth from Q2FY26 (₹22 crores, 7.0% margin) but 20% QoQ decline from Q1FY27 (₹45 crores, 11.2% margin)
Profit Before Tax: ₹28 crores, representing 52% YoY growth from Q2FY26 (₹19 crores) but 24% QoQ decline from Q1FY27 (₹37 crores)
Net Profit: ₹24 crores with margin of 5.6%, showing 98% YoY growth from Q2FY26 (₹12 crores, 3.8% margin) but 13% QoQ decline from Q1FY27 (₹28 crores, 6.9% margin)
Volume Performance: De-grew by 3% YoY and 7% QoQ due to supply-side constraints and logistical challenges from ongoing geopolitical situation

Net Revenue from Operations: ₹830 crores, representing 26% year-on-year growth from H1FY26 (₹657 crores)
Operating EBITDA: ₹81 crores with margin of 9.8%, showing 54% YoY growth from H1FY26 (₹53 crores, 8.1% margin)
Profit Before Tax: ₹65 crores, representing 57% YoY growth from H1FY26 (₹42 crores)
Net Profit: ₹52 crores with margin of 6.2%, showing 76% YoY growth from H1FY26 (₹29 crores, 4.5% margin)
Volume Performance: Grew by 3% YoY

Total Assets: ₹2,189 crores (compared to ₹2,111 crores in March 2026)
Non-current Assets: ₹1,274 crores including Property, Plant and Equipment (₹599 crores), Right of Use Assets (₹211 crores), Capital work-in-progress (₹272 crores)
Current Assets: ₹915 crores including Inventories (₹248 crores), Investments (₹180 crores), Trade receivables (₹362 crores), Cash and cash equivalents (₹27 crores)
Total Equity: ₹1,806 crores with Equity Share Capital of ₹167 crores
Current Liabilities: ₹251 crores including Trade Payables (₹198 crores)

Cash flows from operating activities: Negative ₹53 crores (compared to positive ₹136 crores in H1FY26)
Cash flows from investing activities: Positive ₹75 crores (compared to negative ₹105 crores in H1FY26)
Cash flows from financing activities: Negative ₹27 crores (compared to negative ₹36 crores in H1FY26)
Net Cash Decrease: ₹5 crores

Company had previously guided for FY27 revenue in range of ₹1,400-1,600 crores
Based on current momentum and H1FY27 performance, company is confident to close FY27 revenue towards upper range of guidance bracket
Expected EBITDA margins of around 10% for FY27
Volume decline in Q2 expected to recover in second half of the year

₹250 Crore TDQ brownfield expansion at Dahej delivered ahead of schedule and within budget, currently in trial production with samples sent for approval
₹130 Crore brownfield capex program announced in March 2026 to expand capacity for peak-utilization rubber chemical products through integrated facility including backward integration
Completion targeted by H1FY28 with funding largely through internal accruals

Manufacturing facilities at Dahej, Gujarat (operational since 2013) and Navi Mumbai, Maharashtra (established 1976)
Serving customers in 40+ countries with 20+ rubber chemical products
China +1 strategy driving export market expansion
Strong focus on digitalization, operational excellence, and sustainability initiatives

Mr. Hrishikesh A. Mafatlal: Promoter & Chairman
Mr. Anand V.S.: Managing Director (28+ years chemical industry experience)
Mr. P. Srinivasan: President Finance & CFO (Chartered Accountant with 36+ years experience)
Mr. Prasanna Pandit: President – Operations & Technical (34+ years experience)

Partnership with Vayam for tribal community development
Collaboration with NM Sadguru Water and Development Foundation for tribal farmers
Support for Olympic Gold Quest (OGQ) for athlete development
Animal welfare support through MyPalClub Foundation
Community development through Seva Sahayog Foundation and Vowels of the People Association
Healthcare initiatives through Shri Chaitanya Health and Care Trust