NOCIL Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2015
January 27, 2016 at 09:18 am
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NOCIL Limited reported unaudited standalone earnings results for the third quarter and nine months ended Dec. 31, 2015. For the quarter, the company reported net sales of INR 1,684.0 million, profit from operations before other income and finance costs of INR 323.5 million, profit from ordinary activities before tax of INR 310.6 million and net profit of INR 201.9 million or INR 1.24 per diluted share (not annualized) compared to net sales of INR 1,766.9 million, profit from operations before other income and finance costs of INR 280.3 million, profit from ordinary activities before tax of INR 244.4 million and net profit of INR 164.8 million or INR 1.03 per diluted share (not annualized) reported in the same period last year.
For the nine months, the company reported net sales of INR 5,324.5 million, profit from operations before other income and finance costs of INR 903.6 million, profit from ordinary activities before tax of INR 853.4 million and net profit of INR 552.1 million or INR 3.39 per diluted share (not annualized) compared to net sales of INR 5,267.1 million, profit from operations before other income and finance costs of INR 695.3 million, profit from ordinary activities before tax of INR 605.6 million and net profit of INR 396.5 million or INR 2.47 per diluted share (not annualized) reported in the same period last year.
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.