PCBL Chemical (PCBL) Q3 24/25 earnings summary

Executive summary

• Rebranded as PCBL Chemical Limited, reflecting diversification beyond carbon chemistry and a focus on advanced solutions globally.

• Approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.

• Commissioned a new specialty line in Mundra, raising total capacity to 790,000 tons per annum; Andhra Pradesh government allotted 116 acres for a new greenfield expansion.

• Declared an interim dividend of Rs. 5.50 per equity share for FY25, with record date set as January 16, 2025.

• Sustainability initiatives include ISCC PLUS certification and launch of EcoGen 6000, a recycled material-based product.

Financial highlights

• Q3 consolidated sales volume in carbon black rose over 5% year-on-year to 144,000 tons, with capacity utilization above 90%.

• Q3 consolidated revenue from operations increased 21% year-on-year to INR 2,010 crore, driven by higher sales and Aquapharm Chemicals acquisition.

• Q3 consolidated EBITDA grew 15% to INR 328 crore; PAT at INR 93 crore.

• Nine-month consolidated revenue up 40% year-on-year to INR 6,317 crore; EBITDA up 44% to INR 1,067 crore.

• Standalone net profit after tax for Q3 FY25: Rs 110.99 crore; consolidated: Rs 93.11 crore.

Outlook and guidance

• Expect strong growth in sales volume and operating margins in the next financial year, supported by cost and operational efficiencies and increased market penetration.

• Brownfield and specialty expansions underway; new specialty line for conductive polymers and batteries in progress.

• Aquapharm expansion of 38,000 tons per annum on track for March 2025 commissioning.

• Financial results for the period are not comparable to previous periods due to the acquisition and amalgamation of Aquapharm Chemicals Private Limited.

• Board declared a 550% income dividend (INR 5.50 per share) for FY25.