phone image +91 22 28811259, 28449765,68948500

Stay Tuned For The Latest News In Market

Phillips Carbon Q2 PAT falls 25% YoY to Rs 58 cr

October 16,2020  14:39

Profit before tax (PBT) fell 29.21% year-year (YoY) to Rs 73 crore in Q2 September 2020. Total tax expense fell 41.7% to Rs 14.92 crore in Q2 September 2020 over Q2 September 2019. The result was announced during market hours today, 15 October 2020.

The earnings were impacted in the backdrop of the continued global recession in the automobile industry further aggravated by the COVID-19 pandemic.

The company's additional 32,000 tonne capacity at Palej in Gujarat is expected to be commissioned by FY21. This consist of two lines, both for specialty black and also a 7 MW co-generation power plant.

The greenfield project of about 1,50,000 MT for manufacture of various grades of carbon black and 25 MW of co-generation power over 60 acres of land in Tamil Nadu is progressing strategically. Total investment is estimated to be in excess of Rs 600 crore and is expected to be commissioned by 2023. PCBL (TN), a wholly owned subsidiary of Phillips Carbon Black has been incorporated on 29 September 2020.

Further, the company's 7 MW co-generation power plant in Kochi (Kerala) is expected to be commissioned by 2021.

Shares of Phillips Carbon Black were up 3.59% at Rs 135.7 on BSE. The stock fell 3.1% in the past two sessions.

Phillips Carbon Black (PCBL), a part of RP-Sanjiv Goenka Group, and one of the leading global players, is India's largest Carbon Black manufacturer with four plants at Durgapur, Palej, Kochi and Mundra.

Powered by Capital Market - Live News

SEBI Single Regn. No. : BSE / NSE / MSMI - INZ0001192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           SEBI Scores
Copyright © 2016 All rights reserved Comfort Securities Ltd.
Designed, Developed and content powered by CMOTS Infotech(ISO 9001:2015 certified)
Attention Investors ::
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.   |    Kyc is one time exercise while dealing in securities markets:- Once KYC is done through a SEBI Registered Intermediary(Broker DP Mutual Fund etc.) you need not undergo the same process again when you approach another Intermediary.” “ Prevent Unauthorized Transaction in your Trading/Demat account. Update your Mobile Numbers/Email IDs with your Stock Broker/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/Demat account Directly from Exchange/CDSL at the end of the day. Issued in the Interest of Investors.