In This Article:
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Consolidated Sales Volume: Increased by 14% year on year to 1.48 lakh tons.
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Consolidated Revenue from Operations: Increased by 45% to INR 2,163 crores.
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Consolidated EBITDA: Grew by 53% year on year to INR 369 crores.
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PBT (Profit Before Tax): Stood at INR 164 crores.
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PAT (Profit After Tax): Stood at INR 123 crores.
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Domestic Sales Volume: 90,219 tons.
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International Sales Volume: 58,474 tons, with export sales volume growing 22% year on year.
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Tire Segment Sales Volume: 82,383 tons.
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Performance Chemical Sales Volume: 49,283 tons.
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Specialty Sales Volume: 17,127 tons, highest level in history.
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Power Generation: Increased by 25% to 209 million units, with external sales volume of 126 million units.
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Average Realization: INR 3.56 per kilowatt hour.
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H1 FY25 Consolidated Revenue: Increased by 52% year on year to INR 4,307 crores.
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H1 FY25 Sales Volume: Increased by 19% year on year to 23 lakh 2,610 metric tons.
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H1 FY25 Consolidated EBITDA: Up 62% year on year to INR 738 crores.
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ACO Chemicals Q2 FY25 Revenue: INR 362 crores.
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ACO Chemicals Q2 FY25 EBITDA: INR 50 crores.
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ACO Chemicals Sales Volume: 24,510 tons.
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Carbon Black Capacity: 7,70,000 metric tons per annum, with plans to expand to 8,80,000 metric tons per annum.
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Green Power Capacity: 134 megawatts.
Release Date: October 30, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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PCBL Ltd (BOM:506590) reported a 14% year-on-year increase in consolidated sales volume of carbon black, reaching 1.48 lakh tons.
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Consolidated revenue from operations surged by 45% year-on-year, driven by better realization, higher sales volume, and revenue from the recently acquired ACO Chemicals.
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The company achieved the highest power generation and sales volume during the quarter, with power generation increasing by 25% year-on-year.
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PCBL Ltd is amid an aggressive capacity expansion program, aiming to reach 1 million tons capacity in carbon black by FY27-28.
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The company has executed a joint venture agreement to develop nano silicon products for lithium-ion batteries, indicating a strategic move into the battery chemical space.
Negative Points
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The global business environment remains turbulent, with freight rates having increased by 35-40%, impacting margins.
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Aqua Farm's volume growth was flat this quarter, attributed to ongoing cost structure improvements and global business uncertainties.
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The company is facing challenges in the oil and gas sector in the US, leading to lower capacity utilization and margin pressure.
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PCBL Ltd's current capacity constraints limit its ability to commit to new customers or expand existing customer contracts.
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The company is not comfortable with its current debt levels and aims to reduce its debt-to-equity ratio, which may take additional time.