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PCBL Chemical Ltd

| Audited Standalone Financial Results for the Quarter and Year Ended March 31, 2026

NEUTRAL SENTIMENT

Report Source

30th Apr 26

Summary : PCBL Chemical reports reduced FY26 profits and revenue, amidst capacity expansion and new labor code impacts.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total Expenses: INR 5,280.51 Crores (FY26)
  2. Consolidated Total Expenses: INR 7,942.07 Crores (FY26)
  3. Cost of materials consumed
  4. Employee benefits expense
  5. Finance costs
  6. Depreciation and amortisation expense
  7. Other expenses
  8. Standalone Revenue from Operations: INR 5,576.05 Crores (FY26)
  9. Consolidated Revenue from Operations: INR 8,189.30 Crores (FY26)
  10. Segment Revenue: Carbon Black, Power, Chemical, Battery Chemical
  11. Standalone Net Cash Flows from Operating Activities: INR 1,052.57 Crores (FY26)
  12. Consolidated Net Cash Flows from Operating Activities: INR 1,576.04 Crores (FY26)
  13. Standalone Net Cash Flows Used in Investing Activities: INR (267.35) Crores (FY26)
  14. Consolidated Net Cash Flows Used in Investing Activities: INR (675.18) Crores (FY26)
  15. Standalone Net Cash Flows Used in Financing Activities: INR (946.88) Crores (FY26)
  16. Consolidated Net Cash Flows Used in Financing Activities: INR (989.87) Crores (FY26)
  17. Standalone Total Assets: INR 8,221.22 Crores (FY26)
  18. Consolidated Total Assets: INR 11,294.54 Crores (FY26)
  19. Standalone Total Equity: INR 4,051.19 Crores (FY26)
  20. Consolidated Total Equity: INR 4,019.15 Crores (FY26)
  21. Both standalone and consolidated financial results are presented

Corporate Overview

  1. India
  2. Cyprus
  3. Europe
  4. Vietnam
  5. Australia
  6. Carbon Black
  7. Power
  8. Chemical
  9. Battery Chemical
  10. 60,000 MT carbon black capacity (Line 4)
  11. Additional 30,000 MT carbon black capacity
  12. Commenced commercial production of Line 4
  13. Additional brownfield capacity of 30,000 MT
  14. Land allotment for new carbon black plant in Andhra Pradesh

Risk Factors

  1. Declining revenue and profits.
  2. Impact of new Labour Codes.
  3. Crude price sensitivity.
  4. Increased finance costs.

Key Drivers

  1. New carbon black capacity expansion.
  2. Land allotment for new plant.
  3. Improved debt-equity ratio.
  4. Unmodified audit opinion received.

Auditor’s Report

  1. Unmodified audit opinion
  2. Results for quarter are balancing figures from full year and unaudited year-to-date
  3. Consolidated results include subsidiaries audited by other auditors

Board Commentary

  1. Impact of new Labour Codes on gratuity and leave liability
  2. Statutory impact of new Labour Codes (2019, 2020) increasing liabilities
  3. Allotment of warrants converted to equity shares
  4. Redemption of Commercial Paper
  5. Commencement of Line 4 commercial production
  6. Land allotment for new carbon black plant

Management Discussion & Analysis

Critical Risks

  1. Impact of new Labour Codes on liabilities
  2. Sensitivity to crude price changes