PCBL Limited
STANDALONE REVENUE: INR
Standalone revenue: INR 1,297 crores (YoY drop due to crude price decline)
STANDALONE SALES VOLUMES:
Standalone sales volumes: 118,000 tons (up 8% YoY)
EBITDA: INR 214
EBITDA: INR 214 crores (up 4% YoY, highest ever)
CONSOLIDATED REVENUE: INR
Consolidated revenue: INR 1,348 crores
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Financial Performance
During the quarter, our standalone revenue from operations was INR1,297 crores. The drop in revenue is on account of drop in crude prices from an average of USD 97 to USD 82 year-on-year.
This highlights the impact of external factors like crude oil prices on revenue, indicating sensitivity to commodity price fluctuations.
EBITDA grew by around 4% year on year to INR 214 crores. And EBITDA margins translated into roughly 16.5%. This is highest ever EBITDA and PBT in our history.
This demonstrates strong operational performance despite revenue challenges, showcasing effective cost management.
Business Operations
We achieved a production volume of roughly 6,300 tons from this facility and a sales volume of around 5,000 tons.
This indicates the early performance of the new facility in Tamil Nadu, reflecting the company's capacity expansion efforts.
We continue to expand our product portfolio and customer base.
This statement emphasizes the company's strategic focus on diversification and market penetration.
Growth Initiatives
We are pleased to announce commissioning of 20,000 tons per annum of brown field expansion of specialty line at Mundra.
This reflects the company's commitment to expanding its specialty black capacity, which is crucial for meeting growing demand.
Market Dynamics
Domestic market demand is growing with continued strong momentum in OEM segment and replacement market is also doing fairly well.
This indicates a favorable market environment for the company's products, particularly in the tyre sector.
Future Outlook
Going forward over the next couple of years we expect tyre industry growth to settle in high single digit volume growth.
This provides a forward-looking perspective on industry growth, which is critical for strategic planning.
In terms of near-term outlook, we are a little cautious about the global demand momentum. Continuing high inflation in developed economies might weigh on consumption.
This reflects a cautious sentiment regarding potential headwinds in the global market, highlighting the need for vigilance.