NOCIL Limited Reports Earnings Results for the First Quarter Ended June 30, 2023
July 31, 2023 at 05:04 am EDT
Share
NOCIL Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 3,966.7 million compared to INR 5,089 million a year ago. Revenue was INR 4,016.6 million compared to INR 5,092.7 million a year ago.
Net income was INR 343 million compared to INR 664.8 million a year ago. Basic earnings per share from continuing operations was INR 2.06 compared to INR 3.99 a year ago. Diluted earnings per share from continuing operations was INR 2.05 compared to INR 3.98 a year ago.
NOCIL Limited is an India-based rubber chemicals manufacturer. The Company manufactures rubber chemicals for tire and other rubber product manufacturing industry. The Companyâs products find use in various other areas, such as pre-vulcanization inhibition, post-vulcanization stabilization and latex-based applications. Its solutions also extend to enhancing the thermal stability of cross-links in rubber products. The Companyâs brands are PILFLEX anti-degradants, PILNOX antioxidants, PILCURE accelerators, post vulcanization stabilizer and PILGARD pre-vulcanization inhibitor. Its products include PILFLEX 13, PILNOX TDQ, PILNOX TDQ (HP), PILNOX SP, PILCURE MBT, PILCURE MBTS, PILCURE ZMBT, PILCURE F, PILCURE CBS, PILCURE NS, PILCURE MOR, PILCURE TMT, PILCURE ZDC, PILCURE ZDBC, PILCURE SDBC, PILCURE ZBZDC, PILGARD PVI and PILCURE DHTS. Its subsidiary, PIL Chemicals Ltd., is engaged in the processing of rubber chemical products.
NOCIL LIMITED 
