PCBL Ltd Q4 PAT down -30.96% to Rs88.18cr as input cost inflation starts pinching hard

19 Apr 2022 , 06:39 PM

PCBL Ltd of India Ltd reported 40.62% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,218.83cr. On a sequential basis, the revenues were higher for the quarter by 5.42%.

PCBL (formerly Phillips Carbon Black), is a leading manufacturer of carbon black, which is an important ingredient that goes into the manufacture of automobile tyres.

For the Mar-22 quarter, sales of carbon black stood 22.61% higher at Rs1,192cr while sales of power were 22.6% higher at a more nominal Rs44.71cr. Full year sales for FY22 were higher by 67.2% on a yoy basis at Rs4,447cr.

The consolidated net profit for Q4 was down -30.96% to Rs88.18cr, while the profits were lower by -20.87% on a sequential basis. The sharp fall in net margins were driven by the operating profits of carbon black falling sharply from Rs.200.66cr to Rs138.63cr on a yoy basis.

This fall was due to a spike in crude oil costs which led to 71.2% spike in raw material costs in Q4. Net margins for stood at 9.33% in Mar-22 quarter compared to 14.74% in Mar-21. The net profit margins were also lower by 241 basis points on a sequential basis.

Financial highlights for Mar-22 compared yoy and sequentially

	PCBL Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,218.83	₹ 866.73	40.62%	₹ 1,156.14	5.42%
Net Profit (Rs cr)	₹ 88.18	₹ 127.73	-30.96%	₹ 111.43	-20.87%
Diluted EPS (Rs)	₹ 2.34	₹ 3.71		₹ 2.96
Net Margins	7.23%	14.74%		9.64%