Specialty Chemicals company NOCIL declares Q4FY22 result:
- During Q4FY22, net profit was Rs 68.9 crore, increased 84.62% YoY
- Operating activities remained stable despite impact of Omicron Variant of COVID-19
- Utilization levels continue to grow on a sequential basis
- Achieved highest ever quarterly revenues of Rs 463 crore
- Selling price increase continues to offset input price rise with a time lag and to compensate for the higher freight cost as well as utilities impact
- Price hikes implemented in Q4FY22 as announced earlier
- We surpassed our guidance of Volume growth of more than 10% and revenue growth of more than 50% in FY22