PCBL Chemical (PCBL) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue grew 17% year-on-year to Rs. 2,474 crore, EBITDA rose 23% to Rs. 400 crore, and profit after tax surged 65% to Rs. 155 crore, despite volatile costs and geopolitical disruptions.

• Interim dividend of Rs. 4.5 per equity share declared for FY27, with record date set for August 4, 2026.

• Strategic reallocation to domestic spot markets and pricing discipline helped offset export headwinds from elevated freight costs.

• Specialty black and battery materials businesses are expanding, with new capacity commissioned and pilot plants operational.

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with statutory auditor review and no material misstatements reported.

Financial highlights

• Consolidated revenue from operations: Rs. 2,474 crore, up from Rs. 2,114 crore year-on-year.

• EBITDA: Rs. 400 crore, up 23% year-on-year; EBITDA margin improved to 16% from 12% YoY.

• Profit after tax: Rs. 155 crore, up 65% year-on-year; PAT margin improved to 6.3% from 4.4% YoY.

• Diluted EPS rose to Rs. 3.9 from Rs. 2.5 YoY.

• Carbon black sales volume: 153,530 tons; domestic up 15% to 102,985 tons, international at 50,528 tons.

Outlook and guidance

• Positive outlook driven by trade agreements, tariff advantages, and shrinking Russian supply.

• Full-year EBITDA per ton guidance for carbon black: INR 16,500–17,000, a 14–15% improvement over FY 2026.

• Focus on expanding specialty chemical portfolio and high-margin products, with growth drivers including advanced battery materials and green chelates.

• Temporary volume softness expected in Q2 due to cautious customer procurement, but strong recovery anticipated in H2 FY 2027.

• Interim dividend signals confidence in future cash flows and profitability.