NOCIL Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 29, 2013 at 08:20 am EST
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NOCIL Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 1,135 million compared to INR 1,208.3 million a year ago. Total income from operations was INR 1,140.7 million compared to INR 1,214.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 45 million compared to INR 30.3 million a year ago. Profit from ordinary activities before tax was INR 56.6 million compared to INR 95.2 million a year ago. Net profit after tax was INR 54.1 million compared to INR 65.6 million a year ago. Basic and diluted EPS was INR 0.34 compared to INR 0.41 a year ago.
For the nine months, the company reported net sales of INR 3,677.7 million compared to INR 3,539.2 million a year ago. Total income from operations was INR 3,696.3 million compared to INR 3,575.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 134.4 million compared to INR 173.7 million a year ago. Profit from ordinary activities before tax was INR 254.4 million compared to INR 318.1 million a year ago. Net profit after tax was INR 198.4 million compared to INR 223.5 million a year ago. Basic and diluted EPS was INR 1.23 compared to INR 1.39 a year ago.
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.