Announcement under Regulation 30- Earnings Call Transcript

Regd. Office Mafatlal House, 3rd Floor, H.T Parekh Marg 0' Backbay Reclamation, Churchgate, Mumbai - 400 020, India Tel: +91 22 6657 6100, 6636 4062 Fax +91 22 6636 4060 Website: www.nocil.com CIN L99999MH1961PLO01200. ARVIND MAFATLAL GROUP NOCIL LIMITED Emal: nvestorcare@nocl.com The ethics of excellence Date: 5th November, 2026 The Secretary The National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited Exchange Plaza “P.J. Towers” Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai-400 001 Mumbai-400 051 Scrip Code: 500730 Symbol: NOCIL Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of Earnings Call. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of Company’s Earnings call held on 14th October, 2026 regarding discussion on the Operational and financial performance of the Company for the quarter and half year ended on 30th September, 2026 is enclosed herewith. This intimation is also being made available on the Company’s website viz., https://www.nocil.com/overview/#investor_presentation This is for your information and record. Thanking you, Yours faithfully, For NOCIL Limited Amit K. Vyas Head-Legal & Company Secretary Responsible Care® OUR COMMITMENT TO SUS TA/NABITY NOCIL LIMITED “NOCIL Limited Q2 FY27 Earnings Conference Call” October 30, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, th e audio recording uploaded on the stock exchange on 30th October 2026 will prevail. NOCIL LIMITED MANAGEMENT: MR. V.S. ANAND – MANAGING DIRECTOR – NOCIL LIMITED MR. P. SRINIVASAN – CHIEF FINANCIAL OFFICER – NOCIL LIMITED Page 1 of 10 NOCIL Limited NOCH LIMITED October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to NOCIL Limited Q2FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone. Please note that this conference is being recorded. I now hand the conference over to Mr. V.S. Anand, Managing Director from NOCIL Limited. Thank you, and over to you, sir. V. S. Anand: Thank you, Iqra. Thank you, and good morning to everyone. I'd like to start by expressing my appreciation for your presence today. Joining me are Mr. P. Srinivasan, our Chief Financial Officer; and our Investor Relations Advisors from SGA. I hope you have all received our investor presentation. If not, it's available in both the stock exchanges and on our company's website. When I look at the first half of this year, I believe the important point is that we have continued to make progress in a challenging business environment. We have had to navigate global uncertainty, supply side disruptions and competitive pressures. At the same time, we have continued to invest in strengthening NOCIL for the long term. Let me begin with a brief overview of our performance. We concluded H1FY27 with revenue of Rs.830 crores, a growth of 26% over the corresponding period last year. Volumes grew by 3%, supported by sustained demand across our key end markets. Domestic volumes registered single-digit growth, aided by improved demand following the implementation of GST 2.0. Export volumes also recorded single-digit growth, reflecting continued traction across international markets and the conversion of customer engagements into business opportunities. For Q2, revenue from operations stood at Rs.427 crores, registering a year-on-year growth of 33% and sequential growth of 6%. This was primarily driven by an increase in the average selling price. However, volumes declined by 3% year-on-year and 7% sequentially due to temporary supply side constraints and logistical challenges arising from the geopolitical situation. While these disruptions impacted our quarterly volumes, our customer engagement and underlying demand remain healthy. We have addressed the supply side constraints, and we expect the affected volumes to recover in the second half. The quarter's performance also reflects the continued competitive pressures in the market, including the impact of import dumping. Our focus remains on balancing price and volumes while protecting our competitiveness. Let me now briefly touch upon the industry environment. Domestic tire demand continued to benefit from the consumption tailwinds following GST 2.0. At the same time, the industry faced Page 2 of 10 NOCIL Limited NOCH LIMITED October 30, 2026 higher raw material costs with crude oil prices rising during the quarter amid geopolitical tensions. This has had a bearing on input costs across the value chain. Looking ahead, a weaker monsoon and inflationary pressures could create some near-term demand headwinds. However, the underlying industry fundamentals remain supportive, driven by healthy replacement demand, growth in OEM volumes and favorable long-term growth drivers. We, therefore, remain positive on the industry's long-term prospects, while recognizing that the near-term operating environment continues to be challenging. Coming back to NOCIL, I would like to highlight the progress we are making on our investments. Our brownfield TDQ expansion at Dahej is progressing towards customer approvals, which we expect over the coming months. Work on our integrated specialty rubber chemicals project is also progressing as planned. These investments are important steps in strengthening our product portfolio and manufacturing capabilities and in positioning NOCIL for future growth. Looking ahead, we remain focused on deepening customer relationships, expanding our presence in domestic and export markets and pursuing new product opportunities. Coming to our FY'27 outlook, as highlighted during our last earnings call, we had indicated a revenue range of Rs.1,400 crores to Rs.1,600 crores. Given our H1 performance and the current momentum, we remain confident of closing FY27 towards the upper end of this range with EBITDA margins of around 10%. While the operating environment remains uncertain, our priorities are clear; we will continue to focus on our customers, operational excellence, disciplined investments and financial discipline, while building the capabilities required for sustainable long-term growth. As part of our efforts to build a more cyclically resilient business and utilization of our cash chest, we've been actively exploring opportunities for inorganic growth in the chemical space, and we will keep you posted as and when there is any development in that space. With this, I now invite Mr. P. Srinivasan to provide an overview of our financial performance. P. Srinivasan: Thank you, Mr. Anand, and good morning to everyone. Let's run through the Q2 and H1FY27 consolidated financial highlights. Volumes for Q2FY27 was 135, taking a base of 100 as Q1FY20. Net revenue from operations for Q2FY27 stood at Rs.427 crores, registering a growth of 33% on a Y-o-Y basis and 6% on a Q-o-Q basis. For H1FY27, net revenue from operations stood at Rs.830 crores, registering a growth of 36% on Y-o-Y basis. EBITDA for Q2FY27 stood at Rs.36 crores, registering a growth of 61% on Y-o-Y basis, while witnessing a degrowth of 20% on a Q-o-Q basis with margins standing at 8.4%. For H1FY27, EBITDA stood at Rs.81 crores, registering a growth of 54% on a Y-o-Y basis, while margin standing at 9.8%. PBT, for Q2FY27 stood at Rs.28 crores, registering a growth of 52% on Y-o- Y basis, while witn [Showing first 8,000 characters — download PDF for full document]