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Nocil shares climb 9% despite a 64% drop in Q1 consolidated net profit

Consolidated profit before tax (PBT) dropped 81.7 per cent to Rs 9.32 crore in Q1 2020 as against Rs 50.88 crore in Q1 2019.

Following the sharp run-up, returns are expected to plateau.
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Revenue from operations was impacted due to Covid-led nationwide plant shutdown both at the customers' and suppliers' side.

SI Reporter New Delhi
Shares of Nocil climbed around 9 per cent on the BSE on Tuesday even as the company reported a 64 per cent decline in its consolidated net profit at Rs 11.95 crore against Rs 32.88 crore profit in the year-ago period. Revenue from operations stood at Rs 106.51 crore, down 53.6 per cent year-on-year (YoY). 

Consolidated profit before tax (PBT) dropped 81.7 per cent to Rs 9.32 crore in Q1 2020 as against Rs 50.88 crore in Q1 2019. Operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) slumped 87.96 per cent to Rs 8 crore in Q1FY21 as against Rs

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First Published: Aug 25 2020 | 1:23 PM IST

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