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Earnings Call Transcript

NOCIL Earnings Call Transcript: Key Takeaways

NOCIL started FY27 with 20% revenue growth, but temporary utility and logistical constraints hampered volumes. Management remains optimistic, banking on anti-dumping duties and new TDQ plant ramp-ups to offset input cost pressures.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth20% YoY growth to ₹403 Cr, 22% QoQ increase.
MarginsEBITDA margin at 11.2%, up 210 bps YoY; guidance 10%.
Demand visibilityStrong domestic tire demand; international replacement market remains positive.
Management confidenceBalanced; optimistic on long-term fundamentals despite near-term logistics and cost hurdles.

Growth

Revenue grew 20% YoY to ₹403 Cr, led by 9% volume growth and improved pricing despite logistical headwinds.

Outlook

FY27 revenue guided at ₹1400-1600 Cr with 10% EBITDA margins and 10% volume growth.

Risks

Logistics disruptions, volatile gas prices, and potential demand contraction in the non-tire segment pose risks.

Last quarter's promises, checked

Delivered

  • Guided 10% volume growth based on Q4 run rate → delivered 9% volume growth (= PARTIAL)
  • Guided TDQ capex < ₹250 Cr → delivered trial production start (= BEAT)
  • Guided double-digit volume growth target → delivered 9% volume growth (= PARTIAL)

Partly delivered

  • Guided H1 FY28 completion for ₹130 Cr specialty facility → delivered ongoing investment (= PARTIAL)

Missed

  • Guided EBITDA improvement by 150 bps from FY26 base (7.7%) → delivered 11.2% (= BEAT)
Source

Earnings Call Transcript filed with BSE, NSE: NOCIL. Summary written with AI assistance from the document.

Read the document ↗

NOCIL Ltd: key numbers

Share price
₹188.41
Market cap
₹3,147 Cr
Revenue (annual)
₹1,303 Cr
Net profit (annual)
₹55.63 Cr
P/E (TTM)
47.6×Sector 37.5×
Promoter holding
33.76%+0.00% QoQ
FII holding
4.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Financial Results

NOCIL Q1 FY27 Results: Net Profit ₹27.8 Cr, Up 60.7% YoY

NOCIL Ltd reported revenue from operations of ₹403 Cr (+19.9% YoY) and net profit of ₹27.8 Cr (+60.7% YoY) for Q1 FY27.

Key figure
Net profit ₹27.8 Cr · +60.7% YoY