PCBL Q1 Results Reach Total Revenue of ₹2,143.56 crores & Net Income ₹118.02 crores

PCBL Q1 Results: In the first quarter of June 2024, PCBL reported impressive financial results that reflect strong growth year-over-year (YoY) and quarter-on-quarter (QoQ). The Total Revenue reached ₹2,143.56 crores, marking a significant increase of 59.07% YoY from ₹1,347.52 crores in June 2023. This shows that the company is growing rapidly compared to last year. When looking at the quarter-on-quarter (QoQ) performance, Total Revenue increased by 11.14% from ₹1,373.81 crores in March 2023.

The Operating Income also displayed a positive trend, with an increase of 61.45% YoY, rising from ₹169.59 crores in June 2023 to ₹273.80 crores this quarter. The Net Income increased by 8.11% YoY, reaching ₹118.02 crores compared to ₹109.17 crores in the same quarter last year. The company's Diluted Normalized EPS went up by 8.30% YoY, showing better earnings per share.

Here's a summary of the PCBL Q1 results for June 2024, presented in a table format:

(₹in crores)

Source: Here 

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PCBL Q1 Results

PCBL table shows the financial performance of PCBL  for different periods, focusing on their earnings and expenses. For the quarter ending June 30, 2024, the company's revenue from operations was ₹1,491.02 crores, which is almost the same as the previous quarter's revenue of ₹1,493.45 crores. However, compared to the same quarter last year, which was ₹1,297.29 crores, there has been a significant increase. The total income, which includes other income as well, for this quarter was ₹1,498.27 crores.

PCBL’s expenses were ₹1,334.15 crores, slightly higher than the previous quarter's expenses. This meant that their profit before tax decreased to ₹164.12 crores compared to ₹180.36 crores in the last quarter. After accounting for taxes, the profit after tax was ₹116.28 crores. The table also includes other comprehensive income, showing gains from items that don’t get included in regular profit calculations, resulting in a total comprehensive income of ₹182.20 crores. The earnings per share (EPS) were ₹3.08, showing how much profit each share earns.

Here’s a simplified financial summary of the unaudited results for the quarter ended June 30, 2024, along with comparisons to previous periods:

(Rs in Crores)

PCBL Stock Metrics

PCBL, or Phillips Carbon Black, has a market capitalization of ₹20,443 crore, indicating its total value in the stock market. The current stock price is ₹542, with a high of ₹548 and a low of ₹165 over a specific period. The stock's Price-to-Earnings (P/E) ratio is 41.0, which shows how much investors are willing to pay for each unit of earnings. The book value of the company is ₹86.0, reflecting the value of its assets. It offers a dividend yield of 1.01%, meaning shareholders receive this percentage in dividends. 

Here's the information in a table format:

Quarterly Results

The table shows the financial performance of PCBL for December 2023, March 2024, and June 2024. In December 2023, PCBL had sales of ₹1,657 crores and a net profit of ₹148 crores, with a profit margin of 17%. By March 2024, sales increased to ₹1,929 crores, but the net profit dropped to ₹111 crores due to higher interest expenses. In June 2024, sales grew further to ₹2,144 crores, and the net profit increased to ₹118 crores, reflecting a recovery. 

Here’s the table for the specified quarters (December 2023, March 2024, and June 2024) with the particulars:

(in Rs. Crores)

About PCBL 

PCBL, part of the RP-Sanjiv Goenka Group, was founded by Mr. K. P. Goenka in 1960. It started in Durgapur with a small production capacity of 14,000 metric tons per year. Over the years, PCBL has grown to become the largest carbon black manufacturer in India, producing 770,000 metric tons annually. The company generates 122 megawatts of green power, promoting sustainability. PCBL operates four advanced plants in Durgapur, Palej, Mundra, and Kochi, along with research centers in Palej and Ghislenghien, Belgium. In 2023, they expanded by opening a new plant in Chennai, Tamil Nadu.