PCBL’s Q3 FY24: A Stellar Performance with 21.52% Sales Surge, Robust EPS Growth, and Margin Amplification

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PCBL Q3 FY24 Share: A Comprehensive Analysis



Explore the comprehensive analysis of PCBL's Q3 FY24 share, including an introduction to the company, its share price, and financial performance.



Introduction

Phillips Carbon Black Limited (PCBL), a part of the RP-Sanjiv Goenka Group, is the largest carbon black manufacturer in India and a strong global player with a significant customer base in over 50 countries. Established by Mr. K. P. Goenka in 1960, PCBL has been playing a pioneering role in the performance materials and specialty chemicals segment for over six decades.

About the Company

PCBL started production at Durgapur with a production capacity of 14,000 MT per annum. Today, it boasts a current production capacity of 7,70,000 MT per annum and generates 110 MW per hour of green power. The company has four strategically located state-of-the-art plants at Durgapur (West Bengal), Palej (Gujarat), Mundra (Gujarat), and Kochi (Kerala). In 2023, PCBL commissioned its fifth plant in Chennai (Tamil Nadu).

Current Share Price

As of January 16, 2024, the share price of PCBL was INR 278.8. The 52-week high of PCBL share on BSE is Rs 287.80 per share and the 52-week low price is Rs 108.05 per share. ICICI Securities has a buy call on PCBL Ltd. with a target price of Rs 305.

Financial Performance

PCBL's Q3 FY24 results showed a significant increase in both revenue and profit. The net sales were at Rs 1,656.76 crore, up 21.52% from Rs. 1,363.33 crore in December 2022. The quarterly net profit was at Rs. 147.87 crore, up 52.4% from Rs. 97.03 crore in December 2022. The EBITDA stands at Rs. 286.11 crore in December 2023, up 66.46% from Rs. 171.88 crore in December 2022.

Conclusion

PCBL's strong Q3 FY24 results reflect the company's robust operational efficiency and strategic initiatives. The significant increase in revenue and profit indicates a positive growth trajectory for the company. Investors should keep a close eye on this stock.

Disclaimer 

This blog post is for informational purposes only and should not be taken as investment advice. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions.

Keywords: PCBL, Q3 FY24 Share, Carbon Black Manufacturer, Share Price, Financial Performance, Investment, Stock Market, RP-Sanjiv Goenka Group, Revenue Growth, Profit Increase.

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