Phillips Carbon Black Q4 Review - Ebitda Beat On Better Product Mix: IDBI Capital
Rubber black is a major reinforcing filler used in rubber compounds for tyre manufacturing  (Image: Company website)

Phillips Carbon Black Q4 Review - Ebitda 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

Phillips Carbon Black Ltd. reported better than expected Q4 FY21 profitability mainly led by higher than expected specialty volumes.

Its Ebitda was 9.6% above our estimates.

The company’s sales volumes grew 14.0% YoY to 113 kilo tonne and its Ebitda/tonne improved 60% YoY to Rs 15,924 led by better product mix.

Ebitda increased 79% YoY to Rs 1,907 million and net profit jumped 77% YoY to Rs 1,274 million as interest cost fell 33% YoY to Rs 81 million.

Click on the attachment to read the full report:

IDBI Capital Philips Carbon Black Q4FY21 Result Review .pdf

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