Phillips Carbon Black Ltd., a carbon black manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit declined 18.3% to Rs 104.39 crores ($14 million) for the period ended June 30, 2021 as against net profit of Rs 127.73 crores ($17.1 million) for the previous quarter.
Net sales grew 15% to Rs 1007.63 crores ($135.3 million) during the period ended June 30, 2021 as compared to Rs 877.91 crores ($117.8 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 4092.4% to Rs 104.39 crores ($14 million) for the period ended June 30, 2021 as against net profit of Rs 2.49 crores ($0.33 million) for the prior-year quarter.
Net sales increased 178.1% to Rs 1007.63 crores ($135.3 million) during the period ended June 30, 2021 as compared to Rs 362.41 crores ($48.6 million) during the prior-year quarter.
Phillips Carbon Black is engaged in the business of manufacture and selling of specialty carbon black, an important input for the tyre industry.