Phillips Carbon Black Reports 31% Fall In Q3 Net Profit (08-Feb-2012)
Phillips Carbon Black, the country's largest carbon black maker, has reported a fall of 31% in its net profit at Rs 19.64 crore during the third quarter ended December 31, 2011 as compared to the year-ago period. Sales, however, rose to Rs 514.34 crore from Rs 431.61 crore on account of higher price due to sharp rise in cost of input prices.
The performance was affected due to lower off-take by tyre companies and higher imports of carbon black in the country from China at dumping prices, resulting in lower capacity utilisation after commissioning of Mundra softline in April 2011.
The company has a current installed capacity of 4,10,000 million tonne, while co-generation power capacity is 70.5 MW. Its manufacturing units are located at Durgapur (West Bengal), Mundra & Palej (Gujarat) and Kochi (Kerala).
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