Phillips Carbon Black Q3 Review - Margin Beat On Better Product Mix: IDBI Capital 
Tyres move along a conveyor belt on the production line. (Photographer: Andrey Rudakov/Bloomberg)

Phillips Carbon Black Q3 Review - Margin Beat On Better Product Mix: IDBI Capital 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Philip Carbon Black Ltd. reported better than expected Q3 FY21 profitability mainly led by higher than expected volumes and better than expected product mix.

Its Ebitda was 68% above our estimates. The company’s sales volumes grew 16.0% YoY to 114 kilo tonne and its Ebitda/tonne jumped 70% YoY to Rs 16,203 led by better product mix.

Ebitda increased 53% YoY to Rs 1,874 million and net profit jumped 80% YoY to Rs 1,250 million as interest cost fell 25% YoY to Rs 80 million.

Click on the attachment to read the full report:

IDBI Carbon Phillips Carbon Black Q3FY21 Result Update.pdf

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