Aug 18, 2016 10:08 AM IST IST | Source: Moneycontrol.com

Phillips Carbon Black gains 5%, Q1 net up four-fold

The company's Q1 (April-June) net profit increased four-fold at Rs 12 crore against Rs 3 crore, in the same quarter last fiscal.

Moneycontrol Bureau

Share price of Phillips Carbon Black added 5.4 percent intraday Thursday as its net profits increased by four times in the quarter ended June 2016.

The company's Q1 (April-June) net profit increased four-fold at Rs 12 crore against Rs 3 crore, in the same quarter last fiscal.

Its EBITDA was up 23.3 percent at Rs 53 crore and EBITDA margin was up 300 bps at 11.1 percent.

However, the total income fell 10.4 percent at Rs 478.2 crore.

At 09:41 hrs Phillips Carbon Black was quoting at Rs 210.75, up Rs 5.70, or 2.78 percent.

Posted by Rakesh Patil

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