PCBL Chemical (PCBL) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue grew 17% year-on-year to Rs. 2,474 crore, EBITDA rose 23% to Rs. 400 crore, and profit after tax surged 65% to Rs. 155 crore, despite volatile costs and geopolitical disruptions.

• Interim dividend of Rs. 4.5 per equity share declared for FY27, with record date set for August 4, 2026.

• Strategic reallocation to domestic spot markets and pricing discipline helped offset export headwinds from elevated freight costs.

• Structural tailwinds include favorable trade agreements, reduced tariffs in key markets, and tightening global supply chains.

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with statutory auditor review and no material misstatements reported.

Financial highlights

• Consolidated revenue from operations reached Rs. 2,474 crore, EBITDA was Rs. 400 crore, and profit after tax was Rs. 155 crore for Q1 FY27, all showing strong year-on-year growth.

• EBITDA margin improved to 16% from 12% YoY, and PAT margin to 6.3% from 4.4% YoY.

• Diluted EPS rose to Rs. 3.94 from Rs. 2.49 YoY.

• Carbon black sales volume was 153,530 tons, with domestic sales up 15% to 102,985 tons and international volumes at 50,528 tons.

• Aquapharm reported sales volumes of 22,985 tons, revenue of Rs. 394 crore, and EBITDA of Rs. 47 crore.

Outlook and guidance

• Management remains positive on growth opportunities, citing durable tailwinds from trade agreements, U.S. tariff advantages, and shrinking Russian supply.

• Temporary volume softness expected in Q2 due to cautious customer procurement, but strong recovery anticipated in H2 FY27.

• Full-year guidance for carbon black EBITDA per ton is Rs. 16,500–17,000, a 14–15% improvement over FY26.

• Focus on expanding specialty chemical portfolio, advanced battery materials, and high-margin products.

• Interim dividend signals confidence in future cash flows and profitability.