Announcement under Regulation 30 (LODR)- Earnings Call Transcript
NOCIL · price
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NOCIL reported Q4 FY'26 revenue of Rs.330 crores with 7% sequential volume growth, achieving a volume index of 150 - the second-highest in 4 years. Full year FY'26 revenue stood at Rs.1,303 crores versus Rs.1,393 crores in FY'25. Operating EBITDA margin compressed to 6.4% in Q4 (Rs.21 crores) and 7.7% for the full year (Rs.101 crores), impacted by rising raw material costs (aniline prices jumped from Rs.110 to Rs.190/kg) and legacy inventory issues. Management noted pricing pressure from imports, though DGTR has recommended antidumping duties on TDQ and Sulphenamides (pending government approval). The Rs.250 crores Dahej TDQ capex has been completed with trial production underway, while a new Rs.130 crores capex for specialty rubber chemicals is expected by H1'FY28. Management guided they expect to improve EBITDA by 150 basis points going forward from FY'26 base levels.
NOCIL faces near-term margin pressure from raw material inflation and import competition, but upcoming antidumping duties and new capacity additions could support recovery. The company's working capital improvements and cost optimization initiatives provide some cushion against industry headwinds.