NOCIL, the largest rubber chemicals manufacturer in India, reported a 18.22% decline in consolidated net profit to ₹17 crore for the fourth quarter of fiscal year 2026, compared to the same period last year. This drop in profit was accompanied by a 2.74% decrease in net revenue from operations, which totaled ₹330.35 crore. Despite these year-on-year declines, the company experienced a significant quarter-on-quarter profit increase of 84%, up from ₹9 crore in Q3 FY26. The total expenses for the quarter rose by 1.24% to ₹323.30 crore, with employee benefits expenses increasing by 6.73%. The operating EBITDA also saw a decline of 22%, falling to ₹21 crore with a margin drop to 6.4% from 8.5% the previous year. In light of these results, NOCIL's shares fell 5.5% to ₹178.75. The board has recommended a final dividend of ₹1.50 per equity share, reflecting a commitment to returning value to shareholders.