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NOCIL reported Q2 FY'26 revenue of Rs.321 Cr and PAT of Rs.12 Cr, with sequential volume growth of 4%. Domestic demand remains robust, but exports faced challenges from US tariffs. Management is cautiously optimistic on pricing bottoming out and has filed anti-dumping petitions, expecting favorable outcomes from investigations soon. The Dahej TDQ expansion is 75-80% complete, targeting trial production by H1 CY'26. The company focuses on cost optimization, operational efficiencies, and new product development to drive future growth, maintaining a net cash position and strong working capital management.