NOCIL Limited, India’s largest manufacturer of rubber chemicals, reported its financial results for the first quarter of FY27.

Revenue from operations rose 20 per cent year-on-year to Rs 4.03 billion, mainly driven by higher selling prices following a sharp increase in input costs. Net profit increased 61 per cent to Rs 280 million, while EBITDA margin expanded by 210 basis points year-on-year to 11.2 per cent, supported by improved operating efficiency and inventory gains.

Volumes grew 9 per cent year-on-year, led by strong double-digit growth in domestic demand following the implementation of GST 2.0, along with continued conversion of the company’s export pipeline.

The company has separately announced a further Rs 1.30 billion brownfield capital expenditure programme at its Dahej facility. The investment is aimed at expanding capacity for peak-utilisation rubber chemical products through an integrated, backward-integrated facility.

The new capex is in addition to the Rs 2.50 billion programme already underway at Dahej, which has moved into trial production.

The Rs 1.30 billion investment is targeted for completion by H1FY28 and will be funded largely through internal accruals.

V S Anand, Managing Director, NOCIL Limited, said, “Our performance this quarter reflects consistent execution across both our domestic and export businesses in a challenging environment. Beyond the numbers, we are equally focused on building for the future, our expanded investment at Dahej reinforces our commitment to structured capacity augmentation, backward integration and long-term competitiveness in a market that is increasingly looking to India as a reliable manufacturing partner.”