PCBL Chemical Limited reported a strong first quarter for FY27, with consolidated revenue growing 17% year-on-year to INR 2,474 crore. Profit after tax saw a substantial increase of 65%, reaching INR 155 crore. EBITDA also grew by 23% to INR 400 crore, driven by improved operational efficiencies and strategic pricing. The company highlighted structural tailwinds in the global carbon black market favoring India and PCBL’s strong market position.
PCBL Chemical Limited Reports Strong Q1 FY27 Performance
PCBL Chemical Limited has announced its financial results for the first quarter of FY27, showcasing robust growth across key financial metrics. The company reported a consolidated revenue of INR 2,474 crore, marking a 17% increase compared to the same period last year. This revenue growth was supported by strong performance across its business segments, including tires, performance chemicals, and specialty chemicals.
Profitability and Operational Highlights
The quarter was particularly strong in terms of profitability. Consolidated EBITDA grew by 23% year-on-year to INR 400 crore. Most notably, profit after tax surged by an impressive 65% to INR 155 crore. This significant jump in profit reflects the company’s ability to navigate volatile cost environments and capitalize on market opportunities. The company’s management attributed the satisfying performance to structural improvements and resilience built over recent quarters.
Key Business Drivers
Nilesh Koul, Managing Director of PCBL Chemical Limited, highlighted that the performance was achieved against a backdrop of volatile costs, particularly with Brent crude averaging USD 97 per barrel during the quarter. He emphasized the company’s effective pricing mechanisms, including its spot market strategy and formula-linked pricing, which helped pass on input cost movements to customers. The company also noted structural tailwinds favoring the global carbon black landscape in India’s favor, including favorable trade agreements and supply chain tightening.
Segmental Performance
In terms of segmental performance, Tires accounted for 91,379 tons, Performance Chemicals for 42,386 tons, and Specialty Sales saw a strong 23% year-on-year growth to 19,748 tons. The company also highlighted the commissioning of a 20,000 MTPA specialty black line in Mundra in Q1 FY27, increasing its total installed carbon black capacity to 900,000 metric tons per annum.
Advanced Battery Materials Business
PCBL Chemical continues to make progress in its advanced battery materials business, focusing on silicon-based anode materials and high-performance conductive carbons. The Nanovace pilot plant in Palej is progressing, with R&D and customer sampling underway. The company is also investing in a 1,000 metric ton per annum super-conductive specialty black facility in Palej and advancing its entry into acetylene black for energy storage applications.
Source: BSE
