PCBL Limited reported a solid start to FY24, achieving record EBITDA and PBT despite a decline in revenue due to lower crude prices. The company is ramping up production at its new Tamil Nadu facility and expanding its product portfolio.

Strong performance despite challenges

Management Tone: Optimistic

Performance Overview

Business Progress

Future Outlook

Financial Highlights
Standalone EBITDA: INR 214 crores (up 4% YoY)
Standalone revenue: INR 1,297 crores (YoY drop)
Consolidated sales volume: 123,000 tons (YoY increase)

Operational Excellence
Highest ever EBITDA and PBT in company history.
Production from new Tamil Nadu facility at 45% capacity utilization.

Key Achievements
Commissioned 6,300 tons production from Tamil Nadu facility.
Expanded specialty black capacity to 92,000 tons.

Strategic Updates
Initiatives underway to ramp up production and enhance product mix.

Future Guidance
Expect tyre industry growth to settle in high single digits.
Continued focus on capacity expansion and product premiumization.

Strategic Priorities
Strengthening supply chain and optimizing costs.

Risk Factors
High inflation in developed economies may impact consumption.