Q4 2024 Nocil Ltd Earnings Call Transcript
Key Points
- NOCIL Ltd (BOM:500730) reported a 5% sequential growth in revenue from operations for Q4 FY24, reaching INR356 crores.
- Volume growth was impressive at 12% in Q4 FY24 compared to the preceding quarter.
- The company recorded a year-on-year volume growth of 9% in its export segment for FY24, despite geopolitical tensions and fluctuating raw material prices.
- NOCIL Ltd (BOM:500730) has received board approval for a INR250 crore investment to expand rubber chemical capacities at its Dahej site.
- The company has implemented several green initiatives, including the installation of solar panels and sourcing of green energy, to reduce its carbon footprint.
- Despite the revenue growth, the selling price dropped by 6.5% on a QoQ basis.
- EBITDA margin for Q4 FY24 stood at 12.5%, down from 14.3% in Q3 FY24.
- Operating EBITDA for FY24 was INR195 crores, a decrease from INR253 crores in FY23, with EBITDA margins dropping by 220 basis points.
- Profit after tax (PAT) for FY24 stood at INR133 crores, down from INR149 crores in FY23.
- The company faces challenges from aggressive dumping by China and other markets, impacting domestic volume growth.
Ladies and gentlemen, good day, and welcome to the NOCIL Limited Q4 FY24 earnings conference call.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantee of future performance and involve risk and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. V. S. Anand, Managing Director of NOCIL Limited. Thank you, and over to you, sir.
Thank you. Good morning, and a very warm welcome to everyone present on the call. Along with me, I have Mr. P Srinivasan, our Chief Financial Officer; and SGA, our investor relations advisors.
Hope you all have received our investor presentation by now. For those who have not, you can view them on the stock exchanges and the company website.
To start with, let me
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