PCBL Chemical Limited — Investor Meet, 05-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PCBL Chemical posted a record annual performance with consolidated revenue rising 31% YoY to Rs. 8,404 Cr and sales volume up 12% to 5.96 lakh MT. EBITDA grew 29% to Rs. 1,384 Cr. Carbon Black ran above 95% capacity with 17% export volume growth in Q4. Specialty Black sales now comprise 11%. Aquapharm Chemicals delivered Rs. 372 Cr revenue and Rs. 51 Cr EBITDA in Q4, targeting 40-50% EBITDA growth by FY ’26. Management is focused on international expansion, capacity additions including a new plant, and innovative high-margin products. Challenges include low-priced imports from Russia, but long-term margin uplift to Rs. 25,000 EBITDA/MT is expected through volume, mix, and efficiency gains. Debt remains stable with Rs. 700 Cr annual capex. Overall, outlook is confident on growth and margin improvement.