PCBL Ltd
NSE:PCBL

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PCBL Ltd
NSE:PCBL
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Price: 293.95 INR 0.53% Market Closed
Market Cap: 115.7B INR

PCBL Ltd
Investor Relations

In the industrial corridors of India, PCBL Ltd. stands as a stalwart of innovation and sustainability in the carbon black manufacturing sector. Founded in 1960, it has carved its niche by blending traditional manufacturing prowess with cutting-edge technology. As the oldest and one of the largest carbon black producers in India, PCBL Ltd. has grown to be a critical supplier in the global rubber and specialty black industries. With manufacturing facilities that churn out a formidable volume of high-quality carbon black, the company caters to a diverse clientele ranging from tire manufacturers to producers of inks and coatings. This adaptability in serving varied sectors underscores PCBL’s robust business model, ensuring it can seamlessly navigate through economic ebbs and flows while maintaining a steady revenue stream.

The lifeline of PCBL's enterprise is its emphasis on environmental stewardship and energy efficiency. By integrating carbon black production with co-generation of green power, the company not only optimizes its manufacturing processes but also augments its revenue by selling surplus power. This dual mechanism of creating value draws a vivid picture of a company that aligns financial performance with ecological consciousness. Furthermore, PCBL's strategic investments in R&D reinforce its commitment to delivering customized solutions, meeting precise technical specifications of different industries, and expanding its footprint into the untapped markets of Europe and North America. Through this deft amalgamation of innovation and sustainability, PCBL Ltd. thrives, driven by a vision to dominate the global carbon landscape while pioneering a greener tomorrow.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 17, 2025
AI Summary
Q2 2026

Volume Growth: PCBL Chemicals saw healthy growth in Carbon Black sales volume, with a 5% QoQ increase and 6% YoY increase in international sales, and maintained over 99% capacity utilization.

Margin Pressure: Margins were impacted by continued pricing pressure in a soft market, mainly due to US tariffs and cautious customer behavior, although management believes the bottom has been reached.

Aquapharm Performance: Aquapharm segment reported 9% revenue growth and a steady EBITDA of INR 48 crores, with robust growth in Home Care and Water Solutions but weakness in oil & gas.

Strategic Expansions: Multiple new specialty and battery chemical projects are on track, with significant capacity additions expected to come online over the next 18 months.

Guidance & Recovery: Management expects visible EBITDA improvement from Q3 onwards and targets an exit EBITDA of INR 75 crores quarterly for Aquapharm by year-end.

Tariff Impact: US tariffs led to a reduction of about 2,000 tonnes in quarterly Carbon Black exports to the US and created pricing pressure domestically.

Demand Outlook: Domestic tire demand is projected to grow 6–8% in FY '26, supported by the recent GST cut and recovery in the auto sector.

Sustainability Progress: Achieved highest ever power generation and received a gold medal in EcoVadis sustainability rating, reinforcing ESG credentials.

Key Financials
Carbon Black Sales Volume
161,728 metric tons
Capacity Utilization
over 99%
Revenue from Operations (Q2)
INR 2,164 crores
EBITDA (Q2)
INR 278 crores
PBT (Q2)
INR 78 crores
PAT (Q2)
INR 62 crores
Carbon Black Domestic Sales Volume (Q2)
99,549 tonnes
Carbon Black International Sales Volume (Q2)
62,179 tonnes
Tyres Segment Sales Volume (Q2)
93,892 tonnes
Performance Chemicals Sales Volume (Q2)
50,331 tonnes
Specialty Sales Volume (Q2)
17,505 tonnes
Power Generation (Q2)
223 million units
External Power Sales Volume (Q2)
138 million units
Revenue from Operations (H1)
INR 4,278 crores
Carbon Black Sales Volume (H1)
315,821 metric tons
EBITDA (H1)
INR 603 crores
Aquapharm Revenue (Q2)
INR 395 crores
Aquapharm EBITDA (Q2)
INR 48 crores
Home Care Segment Volume
10,000 tonnes
Oil and Gas Segment Volume
6,500 tonnes
Water Solutions Segment Volume
5,000 tonnes
Application-Specific Solutions Volume
4,000 tonnes
Working Capital Cycle Improvement (H1)
improved by 12 days
Gross Debt Reduction (since March 2025)
over INR 300 crores
Other Earnings Calls

Management

Mr. Kaushik Roy M Tech
MD & Director
No Bio Available
Mr. Raj Kumar Gupta
Chief Financial Officer
No Bio Available
Mr. Vijay Joshi
Chief of Operations
No Bio Available
Mr. Kaushik Mukherjee
Chief Legal Officer, Compliance Officer, Company Secretary & Chief Investor Relations Officer
No Bio Available
Mr. Ravi Sinha
Chief of Human Resources
No Bio Available
Mr. Mainackya Ghosh
Chief of National Markets (Rubber Blacks)
No Bio Available
Mr. Jiten Keluskar
Chief Procurement Officer
No Bio Available
Mr. Gautam Kalia
Chief of International Markets (Rubber Blacks)
No Bio Available
Ms. Valerie Smits
Chief of Global R&D
No Bio Available
Lohit Shringi
Chief of Specialty Blacks
No Bio Available

Contacts

Address
WEST BENGAL
Kolkata
Duncan House, 3rd Floor, 31, Netaji Subhas Road
Contacts
+913366251461
www.pcblltd.com