Introduction:
Chemical stock experienced a 8% drop to a five-month low after a significant 37% decrease in year-on-year net profit for Q3FY25, despite a 21.3% rise in revenue, reflecting challenges in managing rising operational costs.
Share Price movement of PCBL Chemicals:
On January 13, 2025, PCBL Ltd opened at ₹375.00, falling from its previous close of ₹391.10. The stock reached a high of ₹378.90 and a low of ₹346.60. By midday, it traded at ₹359.10, marking an 8.18% decrease, with a market cap of ₹13,554.68 crore.
PCBL Chemicals share price fall:
PCBL Chemicals plummeted 8% to a five-month low after reporting a 37% year-on-year decline in net profit for Q3FY25, despite a 21.3% increase in revenue. The profit drop was primarily attributed to a sharp rise in operating expenses, including a 254% increase in finance costs and a significant hike in employee benefits.
The company’s total expenses surged by 23% year-on-year to ₹1,693 crore, significantly impacting profitability. However, revenue grew to ₹2,010 crore, although it saw a 7% sequential decline from the previous quarter. EBITDA saw an improvement year-on-year but declined from the prior quarter.
Despite the financial setbacks, PCBL reported a 5% increase in sales volumes year-on-year, reaching 143,500 metric tons. The company continues to aim for expanding its total carbon black capacity to 1 million MTPA within the next 2-3 years, reflecting its ongoing growth ambitions.
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Recent news About PCBL Chemicals :
On January 10, 2025, the Board of Directors of the Company approved the unaudited financial results for the quarter ending December 31, 2024, and declared a 550% interim dividend of Rs. 5.50 per share. The record date for dividend payment is set for January 16, 2025.
Stock performance of PCBL Chemicals for Period of 1 week, 6 months and 1 year:
In the past week, PCBL’s stock decreased by 9.59%, contrasting with a 34.0% growth over the last six months and a notable yearly rise of 46.9%, reflecting significant long-term appreciation amidst short-term declines.
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Shareholding pattern of PCBL Chemicals:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 51.41 | 51.41 | 51.41 |
| FII | 4.99 | 5.29 | 6.68 |
| DII | 6.8 | 6.41 | 5.61 |
| Retail & others | 36.8 | 36.9 | 36.31 |
About PCBL Chemicals:
PCBL Ltd, formerly known as Phillips Carbon Black Ltd, is a leading manufacturer in the carbon black industry in India. The company serves various sectors including automotive and industrial applications. PCBL is known for its extensive product portfolio and innovation in the development of high-performance carbon black products, catering to both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
