Q1FY21 results: Phillips Carbon Black net profit drops 96 per cent YoY

Phillips Carbon Black Limited, a part of RP-Sanjiv Goenka Group and India's largest carbon black manufacturer, announced its quarterly results on August 25, 2020. The company posted a consolidated net profit of Rs 2.54 crore for Q1FY21, which declined by 96.2 per cent YoY, as compared to Q1FY20 when it reported Rs 66.82 crore.                                                                                                                                                

The consolidated net sales reported in Q1FY21 came in at Rs 359.53 crore, which declined by 60.56 per cent YoY from Rs 911.52 crore in Q1FY20. At EBITDA level, the company stood at Rs 38.47 crore in Q1FY21 that decreased by 65.97 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 113.06 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 10.7 per cent that declined by 1.70 per cent YoY. The net profit margin in Q1FY21 came in at 0.71 per cent, which declined by 6.62 per cent YoY. The net profit margin in Q1FY20 was at 7.33 per cent.    

The share closed with gains of 3.96 per cent at Rs 127.4 in today’s session on BSE.