PCBL Chemical Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PCBL Chemical reported Q2 FY'26 consolidated revenue of Rs. 2,164 Cr and EBITDA of Rs. 278 Cr, with carbon black volumes up 5% QoQ at over 99% capacity utilization. Margins were impacted by US tariffs and market softness, resulting in an EBITDA/ton of ~Rs. 16,000, though management expects recovery. Aquapharm posted Rs. 395 Cr revenue and Rs. 48 Cr EBITDA, aiming for Rs. 75 Cr EBITDA by FY'26 exit, with opportunities from China tariffs. Strategic projects, including new Specialty Black lines and a Nanovace pilot plant for battery chemicals, are set to drive growth. The company maintains a positive long-term outlook despite short-term headwinds.