Nocil Q4 Review - Well Poised For Next Phase Of Growth: Prabhudas Lilladher

A Nocil office building. (Source: Company website)

Nocil Q4 Review - Well Poised For Next Phase Of Growth: Prabhudas Lilladher

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Prabhudas Lilladher Report

Nocil Ltd. reported Q4 FY21 Ebitda and profit after tax of Rs 503 million (up 36% QoQ; our estimate Rs 475 million) and Rs 360 million (up 63% QoQ; our estimate Rs 299 million), respectively.

Profit after tax got a boost from lower tax of 15.4%.

Q4 revenues were at Rs 3.2 billion (up 17%QoQ) and included volume growth of 3%QoQ.

Gross margins improved to 44.2% (up 80 basis points QoQ) and Ebitda margins improved to 15.6% (up 220 basis points QoQ) as operating leverage helped support margins.

We increase our estimates for FY22/23E as we increase our volume and realisation assumptions.

Click on the attachment to read the full report:

Prabhudas Lilladher Nocil Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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