Phillips Carbon Black Q4 Review - Ebitda Beat On Better Product Mix: IDBI Capital
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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.
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