PCBL Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 17, 2023 at 04:33 am EDT
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PCBL Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 14,867.1 million compared to INR 16,278.5 million a year ago. Revenue was INR 14,893.9 million compared to INR 16,316.3 million a year ago. Net income was INR 1,226.4 million compared to INR 1,163.9 million a year ago. Basic earnings per share from continuing operations was INR 3.25 compared to INR 3.08 a year ago.
For the six months, sales was INR 28,342.3 million compared to INR 30,369.2 million a year ago. Revenue was INR 28,408.9 million compared to INR 30,524 million a year ago. Net income was INR 2,318.1 million compared to INR 2,426 million a year ago. Basic earnings per share from continuing operations was INR 6.14 compared to INR 6.43 a year ago.
PCBL Limited is an India-based carbon black manufacturer. The Company operates in the materials and specialty chemicals segment with a production capacity of approximately 7,70,000 metric tons per annum and generating 110 megawatts per hour of green power. It has a presence in over 50 countries. Its products include specialty chemicals, Tires and Performance Chemicals, Product Stewardship, and Safety Data Sheet (SDS). Specialty Chemicals are primarily used as a pigment in plastics, inks, coatings, and many other applications. This is also used for high technology applications such as fiber, rechargeable batteries, and premium automotive coatings. Its specialty chemicals-related product segments include fiber, food contact, pressure pipes, multi layered films, drip irrigation, inks and coatings, general pipes, films and moldings, and engineering plastics. The Companyâs plants are located at Durgapur (West Bengal), Palej (Gujarat), Mundra (Gujarat), and Kochi (Kerala).