Post
sridharbalakrishnan
NOCIL
*NOCIL Q1: Decent performance in challenging times*
- Nocil reported better than expected Q1 with EBIDTA/PBT of Rs75m (-87%Y/Y; PLe Rs33m) and Rs91m (-82%Y/Y; PLe -32m).
- Revenues were at Rs10.6bn (-54%Y/Y; PLe Rs11bn).
- Operating earnings was supported by lower other expense of Rs285m (-47%Y/Y; PLe Rs400m).
- EBIDTA margins were at 7% (PLe 3%) vs 17.3% in Q4.
- There was tax write back and PAT was at Rs118m (PLe –Rs24m).
- We have a BUY rating.
More updates post concall tom.
Aug 24 11:22 PM
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NSE:NOCIL price when posted: 120.8