Phillips Carbon posts robust PAT, stock surges ahead of results
Amir Shaikh / 25 May 2017
The company's total sales for Q3FY17 came in at Rs 558 crore, which represents a 13.9 per cent sequential increase and 21.3 per cent YoY increase.
Phillips Carbon Black Ltd reported its results for the quarter ended March 31, 2017.
The company's total sales for Q3FY17 came in at Rs 558 crore, which represents a 13.9 per cent sequential increase and 21.3 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 63.34 crore and its EBIT margin stood at 11.35 per cent.
The company reported PAT of Rs 28.14 crore, which represents a sequential QoQ increase of 61.08 per cent and a YoY increase of 930.8 per cent.
The stock of Phillips Carbon rose 4.74% and closed at Rs 396.75 ahead of the results. The intra-day high and low stood at Rs 399 and Rs 379.70, respectively.
Phillips Carbon, a flagship of RPG Group, is in the business of manufacturing and supplying carbon black, catering to the needs of elastomer, plastic, paints and ink manufacturing industries. The company’s product range includes ASTM grades, products for packaging industries (25 kg. paper bag, 500 kg. bulk bag and 1000 kg. jumbo bag) and also manufactures customised products as per customer's specifications.
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