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Last Updated : May 04, 2018 01:40 PM IST | Source: Moneycontrol.com

Phillips Carbon Black Q4 profit jumps 162% to Rs 74 cr but operating margin dips

Revenue from operations in Q4 grew by 37 percent to Rs 753 crore compared to Rs 550 crore in year-ago period.

 
 
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Carbon black manufacturer Phillips Carbon Black has reported 162.5 percent increase YoY in profit at Rs 74.3 crore for the quarter ended March 2018, driven by revenue and operational performance.

Profit in same quarter last fiscal was at Rs 28.3 crore.

Revenue from operations in Q4 grew by 37 percent to Rs 753 crore compared to Rs 550 crore in year-ago period.

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Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) increased 23 percent to Rs 101.9 crore YoY, but margin contracted 160 basis points to 13.5 percent on higher raw material cost that jumped 45 percent YoY.

At 13:32 hours IST, the stock price was quoting at Rs 258.45, up Rs 6.45, or 2.56 percent on the BSE.
First Published on May 4, 2018 01:40 pm
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