Phillips Carbon Black Ltd., a carbon black manufacturer in India, announced its results for the final quar-ter and financial year ended 31 March 2021.
Q4 YoY Results:
The company’s net profit increased 75.6% to Rs 127.73 crore ($17 million) in the quarter ended March 2021 as against Rs 72.76 crore ($9.7 million) during the prior year quarter.
Sales grew 23.7% to Rs 877.91 crore ($117.2 million) in the quarter ended March 2021 as against Rs 709.6 crore ($94.7 million) during the previous quarter ended March 2020.
Full-Year Results:
For the full year, net profit rose 9.5% to Rs 313.63 crore ($41.9 million) in the year ended March 2021 as against Rs 286.55 crore ($38.2 million) during the previous year ended March 2020.
Sales dropped 18.2% to Rs 2677.52 crore ($357.3 million) in the year ended March 2021 as against Rs 3272.55 crore ($436.7 million) during the previous year ended March 2020.
The company saw a sharp growth in its core carbon black business, a key input in tyre manufacture. This quarter, the company benefited from robust build-up in auto demand. However, power sector revenues were almost flat on a yoy basis.