The shares of the largest carbon black manufacturer gained up to 8 percent after the company announced third-quarter results and declared an Interim Dividend.
With a market capitalization of Rs 10,406.64 crore, the share of PCBL Ltd closed at Rs 275.70 per share, increased around 3.65 percent as compared to the previous closing price of Rs 265.95 apiece.
Looking into the company’s Performance, PCBL Ltd’s revenue increased by 11 percent on a quarter-on-quarter basis from Rs. 1,487 crores in Q2FY24 to Rs. 1,657 crores in Q3 FY24. Further, revenue increased by 21 percent year on year from Rs. 1,363 crores in Q3FY23 to Rs.1,657 crores in Q3FY24.
PCBL Ltd’s net profit increased by 20 percent on a quarter-on-quarter basis from Rs. 123 crores in Q2FY24 to Rs. 148 crores in Q3FY24. Further, net profit increased by 52 percent year on year from Rs. 97 crores in Q3FY23 to Rs.148 crores in Q3FY24.
According to the business filing, PCBL Ltd has announced an interim dividend of Rs. 5.50 per equity share of Re. 1 each for the fiscal year ending March 31, 2024, and has set Monday, January 29, 2024, as the Record Date for payment of the aforementioned Interim Dividend.
Ashish Kacholia holds 70,84,990 shares, i.e. equivalent to 1.88 percent of the company as of the December quarter of 2023.
The stock returned 74.59 percent in six months and 124.25 percent over a year. If an investor invests Rs 1 lakh in the firm, it will be worth Rs 2.24 lakhs in a year.
PCBL Ltd is India’s largest and the world’s seventh-largest carbon black company, having a significant presence in specialty chemicals. The firm now operates four facilities with a total annual capacity of 623 KTPA and a green power-producing facility of 98 MW.
PCBL Limited is an Indian-based carbon black company. The company operates in the materials and specialty chemicals area, with an annual production capacity of roughly 6,03,000 metric tons and a green power generation rate of 98 megawatts per hour.
Written by:- Abhishek Singh
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