PCBL Chemical has released its investor update for Q2 FY26, showcasing a 5% QoQ growth in Carbon Black sales volume, reaching 1,61,728 MT. Despite a challenging environment, the company reported positive performance, with Specialty Black sales volume increasing by 9% QoQ. The update also highlights Aquapharm Chemical’s revenue and sales volume, as well as progress in co-generation power and specialty black capacity expansions.
Financial Highlights
In Q2 FY26, PCBL Chemical reported a 5% QoQ increase in Carbon Black sales volume to 1,61,728 MT. Specialty Black sales volume increased 9% QoQ to 17,505 MT. Aquapharm Chemical reported revenue from operations of Rs. 395 Cr, with EBITDA of Rs. 48 Cr and sales volume of 25,194 MT.
Operational Performance
The company’s working capital cycle improved by 12 days in H1 FY26, releasing around Rs. 240 crore. Co-gen Power Generation increased by 7% YoY. The Carbon Black sales volume increased by 9% YOY, and specialty black sales volume increased by 2% YOY during the quarter. Aquapharm Chemical’s revenue increased by 9%, driven by increased sales to contractual customers.
Expansion and Projects
The brownfield expansion of 90 KTPA Rubber line in TN is under commissioning and is likely to be operational in Q3 FY26. A specialty black line dedicated to Super-conductive grades of 1,000 MTPA in Palej, Gujarat, is expected to start commercial production from November 2025. The Specialty Blacks 20,000 MTPA new line is in an advanced stage. Nanovace’s pilot plant project is on track. Process patent for nano-silicon granted in US.
Strategic Initiatives
The company registered under the I-REC platform to receive International Renewable Energy Certificates. It is targeting a 50% capacity addition over the next 5 years across all product segments. Recent GST rate cuts in India are expected to support growth in the auto sector.
Source: BSE
