NOCIL (NOCIL) Q4 96/97 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 96/97 earnings summary
29 Oct, 2026Executive summary
FY97 turnover was Rs1,174 crore vs Rs1,204 crore; lower profits reflected depressed international prices, higher administered naphtha prices and planned shutdowns in Petrochemicals and Polymer.
Net profit fell to Rs59.8 crore from Rs91.2 crore; directors recommended a final dividend of 15%, following a 10% interim dividend.
Financial highlights
Profit before depreciation and tax was Rs94.19 crore vs Rs161.25 crore; PBT was Rs78.41 crore vs Rs147.55 crore.
Net profit was Rs59.81 crore vs Rs91.15 crore; tax provision declined to Rs18.60 crore from Rs56.40 crore.
Other income included a Rs9.41 crore profit on sale of the Agro Business, a non-recurring item.
Outlook and guidance
Petrochemical and Polymer shutdown work added equipment and completed maintenance; marginal capacity increases were expected for some products.
Plastic Products capacity expansion was underway; benefits were expected in FY98.
Modernisation project partner discussions continued; a final decision was expected after a memorandum of understanding.
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