Phillips Carbon Black Ltd., a carbon black manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 17% to Rs 1.22 billion for the period ended September 30, 2021 as against net profit of Rs 1.04 billion for the previous quarter.
Net sales increased 6.3% to Rs 10.71 billion during the period ended September 30, 2021 as compared to Rs 10.07 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 110.5% to Rs 1.22 billion for the period ended September 30, 2021 as against net profit of Rs 0.58 billion for the prior-year quarter.
Net sales increased 61% to Rs Rs 10.71 billion during the period ended September 30, 2021 as com-pared to Rs 6.65 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 274.5% to Rs 2.26 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 0.605 billion for the prior-year 6 months period.
Net sales increased 102.3% to Rs 20.78 billion during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 10.28 billion during the prior-year 6 months period.
The board of the company re-appointed Kaushik Roy as the Managing Director (MD) of the company, for a period of three years effective from 5 February 2022.
Phillips Carbon Black Ltd is engaged in the business of manufacture and selling carbon black used for rubber and non-rubber applications.