Nocil Q2FY09 Net Profit up at Rs 13.72 cr

Net sales up 53% to Rs 131.86 cr

NOCIL Limited, which is part of the Arvind Mafatlal Group has reported an increase in net profit for the quarter ended September 30, 2008 at 13.72 cr compared to Rs 1.41 crore in the corresponding period last year.

During the quarter, the company’s net sales increased to Rs 131.86 crore compared to Rs 86.17 crore in the corresponding period last year.

For the half year ended on September 30, 2008, Nocil’s net profit increased to Rs 25.36 crore compared to Rs 3.44 crore in the corresponding period last year. The company’s net sales grew to Rs 257.60 crore from Rs 159.99 crore in the corresponding period last year

About NOCIL Limited
NOCIL Limited, which is part of the Arvind Mafatlal Group, is primarily engaged in the manufacture and sale of Rubber Chemicals. With annual sales close to Rs. 450 crores and a customer base that spans most of the global market, NOCIL reigns as the largest manufacturer of Rubber Chemicals in India.

NOCIL’s 26-acre rubber chemical manufacturing facility is located at TTC Industrial Area, Thane, where it deploys state-of-the-art technology for the manufacture of PILFLex –Antidegradants, PILnox - Antioxidants, PILCure - Accelerators, Sulfur Donor, Post Vulcanization Stabilizer and PILGarD - Pre Vulcanization Inhibitor. The plant is strategically placed, with raw materials within 150 km radius and at a close proximity to ports to facilitate exports.

NOCIL’s regional sales offices are located at Mumbai, Delhi, Chennai and Kolkata. It has a well spread out network of Agents & Distributors.