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 NOCIL LIMITED W Eme ab ls :i t ie n: vw esw tow r. cn aro ec @il n.c oo cm l. comC IN:L99999MH1961LC01200.3 ARVIN ThD e eM thiA csF oA f T eL xcA eL lle nG cR e OUP Date: 10th August, 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 4th August, 2026 regarding discussion on the Operational and financial performance of the Company for the quarter ended on 30th June 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 ANABLTy “NOCIL Limited Q1 FY27 Earnings Conference Call” August 04, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, t he audio recording uploaded on the stock exchange on 04th August 2026 will prevail. MANAGEMENT: MR. V. S. ANAND – MANAGING DIRECTOR, NOCIL LIMITED MR. P. SRINIVASAN – CHIEF FINANCIAL OFFICER, NOCIL LIMITED Page 1 of 13 NOCIL Limited August 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 NOCIL Limited 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 date of this call. These statements are not guarantee of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in 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 “*” then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. V. S. Anand – Managing Director of NOCIL Limited. Thank you, and over to you, sir. V. S. Anand: Yes, good morning. Good morning to everyone. I would 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 on both the stock exchanges and our company website. Let me begin by providing an overview of the company's performance for Quarter 1 Financial Year ’27: We started Financial Year ‘27 on a strong note with revenue from operations reaching Rs. 403 crores, reflecting an impressive 20% year-on-year growth driven by growing volumes and increase in selling prices on account of increase in raw material costs. The company delivered a healthy 9% volume growth compared to Q1 Financial Year ‘26, driven by sustained demand across key end markets. Domestic volumes registered double-digit growth supported by improved demand from the implementation of GST 2.0. Export volumes also recorded single-digit growth driven by successful conversion of ongoing customer engagements into business gains and continued traction in international markets. This balanced performance across both domestic and export businesses highlights our ability to capitalize on market opportunities while strengthening customer relationships and expanding our global footprint. While we are encouraged by these results, we also remain realistic about the operating environment. Global markets continue to experience geopolitical uncertainties, supply chain disruptions and a competitive pricing landscape. Page 2 of 13 NOCIL Limited August 04, 2026 On a sequential basis, revenue grew by a robust 22% over the previous quarter. Volumes, however, witnessed a moderate decline of 3%, primarily due to temporary supply-side constraints related to utilities and logistical challenges arising from the ongoing geopolitical situation, which resulted in the postponement of certain order commitments. These challenges were operational in nature rather than demand-driven, with underlying customer demand remaining healthy. We did see a temporary demand contraction in the non-tyre segment due to lower production on account of a sharp increase in input costs and shortage of labor due to the cooking gas shortages during the quarter. We continue to work closely with our suppliers and logistics partners to normalize supplies and execute the pending orders, and we remain confident of recovering the deferred volumes in the coming quarters. With respect to the anti-dumping petitions filed with the Government of India, the Central Government has approved the imposition of anti-dumping duty on Sulphonamides, covering both CBS and NS on 20th June 2026. On the other product front, the Pilflex 13 the Director General of Trade Remedies, DGTR, issued a positive final recommendation in June 2026. The implementation of the anti-dumping duty on Pilflex 13 is now subject to the approval of the Government of India. The tyre industry continued to witness healthy domestic demand during the quarter, supported by strong replacement demand and healthy OEM offtake across both the passenger and commercial vehicle segments, still aided by the implementation of GST 2.0 and ongoing infrastructure activities. While some moderation in demand is expected in the near term owing to seasonal factors and the progress of the monsoon, these are expected to be temporary in nature. The underlying industry fundamentals remain strong, supported by healthy replacement demand, continued momentum in OEM volumes and favorable long-term growth drivers. Accordingly, the overall demand outlook remains positive and the industry is well positioned to navigate the near- term challenges while sustaining its long-term growth trajectory. In the international tyre markets, even as the overall volume showed a minor dip in the first half of the calendar year, mainly on account of lower OEM volumes, the replacement market held positive, reflecting a healthy demand. Coming back to NOCIL, trial production at our new TDQ plant in Dahej is coming along well with initiation of samples to customers. As approvals progress and commercial supplies ramp up over time, we believe this investment will further reinforce our competitive position in the market. Our new Rs 130 crore investment in Dahej is also progressing well, and our teams have done a great job of keeping it on track in spite of the challenges and disruptions we have been witnessing on account of the war in the last few months. Page 3 of 13 NOCIL Limited August 04, 2026 As we look to expand our product portfolio, our R&D and technology teams are working very closely with customers on new products, and we expect positive traction during the course of the year. Looking ahead, while we remain mindful of the uncertainties that continue to exist in the global environment, we are optimistic about the direction in which the business is progressing. We expect revenue for Financial Year ‘27 to be in the range of Rs 1,400 to Rs 1,600 crores, based on the current pricing environment, with EBITDA in the region of 10%. Our focus will remain on executing our strategy with discipline, driving operational excellence, expanding our product portfolio, deepening customer relationships and maintaining a prudent financial management. With [Showing first 8,000 characters — download PDF for full document]