Quarterly Results: Phillips Carbon Black Ltd.
Bhagyashree Vivarekar / 18 Jan 2017
The standalone numbers showed robust growth on a sequential basis and stupendous growth when compared to the year ago period. The company's stock, which opened for trading at Rs. 255 on the BSE, has risen by 1.41 per cent after the results were declared and is currently trading around the Rs 255-mark.
Phillips Carbon Black Ltd. reported its results for the quarter ended December 31, 2016 during market hours today. The standalone numbers showed robust growth on a sequential basis and stupendous growth when compared to the year ago period.
The company's total sales for Q3FY17 at Rs 538.6 crore represent a 5.79 per cent sequential increase and 5.49 per cent YoY increase.
The company's operating profit (EBIT) for the quarter amounted to Rs 49.53 crore and its EBIT margin stood at 9.2 per cent.
in terms of the bottomline, the company reported a PAT figure of Rs 17.47 crore, which represents a sequential QoQ increase of 15.09 per cent and a YoY increase of 243.9 per cent.
The company's stock, which opened for trading at Rs. 255 on the BSE, has risen by 1.41 per cent after the results were declared and is currently trading around the Rs 255-mark.
Phillips Carbon Black Ltd, the flagship company of the RP-Sanjiv Goenka group, is India’s largest carbon black producing company. Carbon black is a major raw material in the tyre production industries. The company also manufactures and supplies carbon black, catering to the needs of elastomer, plastic, paints and ink manufacturing industries.
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