Phillips Carbon Black Ltd - Q2FY21 - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

"For 2QFY21, Philips Carbon Ltd (PCL)'s top-line de-grew by ~23% to Rs664cr in the backdrop of the continued global recession in the automobile industry further aggravated by the COVID-19 pandemic. On the operating front, the company reported margin improvement (up by 56bp YoY to 16.1%). The reported net profit de-grew by ~25% YoY to Rs58cr due to lower sales. The additional 32,000 tonne capacity at Palej in Gujarat is expected to be commissioned by FY'21. This consists of two lines, both for specialty black and also a 7 MW co-generation power plant."

Shares of PHILLIPS CARBON BLACK LTD. was last trading in BSE at Rs.134.9 as compared to the previous close of Rs. 131. The total number of shares traded during the day was 290465 in over 5559 trades.

The stock hit an intraday high of Rs. 138 and intraday low of 130.05. The net turnover during the day was Rs. 39143605.

Source : Equity Bulls

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