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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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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