PCBL Chemical (PCBL) Q4 00/01 earnings summary

Executive summary

• FY ended 30 Sep 2001 sales rose 20% to Rs 48,983.45 lakh, while PBT fell to Rs 468.24 lakh from Rs 755.33 lakh and PAT to Rs 432.24 lakh from Rs 670.33 lakh.

• Profitability faced higher feedstock costs, rupee depreciation, softer tyre demand and a disruption at the Cochin plant; overall production was maintained through higher utilization at Durgapur and Baroda.

Financial highlights

• Sales turnover was Rs 48,983.45 lakh vs Rs 40,603.53 lakh; PBDIT was Rs 4,195.35 lakh vs Rs 4,410.03 lakh, and gross profit was Rs 1,397.43 lakh vs Rs 1,673.03 lakh.

• PBT was Rs 468.24 lakh vs Rs 755.33 lakh; tax provision was Rs 36 lakh vs Rs 85 lakh; PAT was Rs 432.24 lakh vs Rs 670.33 lakh.

• Other income declined to Rs 354.61 lakh from Rs 639.21 lakh; expenses were Rs 48,869.82 lakh vs Rs 40,487.41 lakh.

• Proposed dividend remained Re 1 per equity share, absorbing Rs 177.53 lakh; dividend tax was Rs 18.11 lakh.

Outlook and guidance

• Road infrastructure development by Central and State Governments was expected to support growth in goods and passenger movement, tyre demand and carbon black demand.

• Established international-market presence and product development for higher-value export grades positioned operations to pursue opportunities in India and overseas.

• Additional environmental control and monitoring equipment was planned for installation by 30 Jun 2002.