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Phillips Carbon announces Q2 results; stock closes higher by 2.98 per cent

rishikesh gaikwad / Article rating: 2.5

Philips Carbon Black Limited (PCBL) reported its September quarter results today.Profit before tax for the company stood at Rs 72.47 crore in Q2FY21, which is 28.9 per cent lesser than the corresponding quarter last year. Profit after tax for Q2FY21 stood at Rs 57.55 crore, showing a YoY decrease of 25 per cent

June quarterly results recap

rishikesh gaikwad / Article rating: 3.5

September results season has begun now with companies posting good recovery in numbers. However, to put it in perspective, let's recap June's quarterly earnings of Nifty 50 companies and compare it with their earnings last year’s same quarter to get an idea of how much effect the pandemic and GDP had on the June quarter.

Is Reliance overweighing Nifty?

rishikesh gaikwad / Article rating: 3.5

Reliance Industries’ weightage in the index has grown from around 5 per cent in September 2016 to nearly 14.90 per cent in September 2020. Whereas, the leader in 2016 i.e. HDFC Bank, which had a weightage of around 8 per cent in FY16, has more or less maintained its weightage of 8 per cent to 9 per cent.