NOCIL Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022.
Q1 Results- QoQ
The company’s net profit declined 3.5% to Rs 664.8 million for the period ended June 30, 2022 as against net profit of Rs 689.2 million for the previous quarter.
Net sales grew 9.9% to Rs 5.09 billion during the period ended June 30, 2022 as com-pared to Rs 4.63 billion during the previous quarter.
Q1 Results- YoY
The company reported 40.2% growth in net profit of Rs 664.8 million for the period ended June 30, 2022 as against net profit of Rs 474.1 million for the prior-year quarter.
Net sales increased 47.7% to Rs 5.09 billion during the period ended June 30, 2022 as com-pared to Rs 3.45 billion during the prior-year quarter.
NOCIL Limited is an Indian chemical company and is engaged in the manufacture and sale of rubber chemicals. It has a manufacturing facility in Navi Mumbai and Dahej.