Q2 2026 PCBL Chemical Ltd Earnings Call Transcript
Key Points
- PCBL Chemical Ltd (BOM:506590) reported healthy growth in carbon black sales volume on both a year-on-year and quarter-on-quarter basis.
- The company achieved the highest power generation and sales volume this quarter.
- Working capital cycle improved by 12 days in H1 FY26, releasing around INR240 crores of cash.
- Speciality and solution segment under Aquapharm witnessed a margin improvement by 10% due to a better product mix.
- PCBL Chemical Ltd is expanding its capabilities in high-performance applications like battery chemicals and energy storage, positioning itself well for future growth.
- Margins were impacted by continued pricing pressure in a relatively softer market environment.
- Carbon black exports to the US are constrained due to a 50% tariff, affecting around 5% of total volume.
- The company faced challenges from high input tariffs imposed by the United States, impacting margins in the carbon black segment.
- The global economic environment remains uncertain, with cautious customer purchasing patterns and tighter inventory positions.
- The US business of Aquapharm faced near-term softness due to cyclical business conditions and low oil prices.
Ladies and gentlemen, good day and welcome to PCBL Chemical Limited Q2 FY26 army conference call hosted by ICICI Securities Limited. (Operator Instructions).
I now hand the conference over to Sanjesh Jain from ICICI Securities. Thank you and over to you, sir.
Thank Danish. Good evening, everyone. First of all, happy Dhanteras and happy Diwali to everyone, and thanks for joining on to PCBL Chemicals Limited Q2 and H1 FY26 earnings conference call.
We have PCBL Chemical Management, with us on call, represented by Mr. Kaushik Roy, Managing Director, Mr. Suresh Kalra, CEO of Aquapharm Chemicals, Mr. Raj Gupta, CFO, Mr. Anand Kumar, Group Head Investor Relations, Mr. Pankaj Kedia, ED, Investor Relations.
I would like to invite Mr. Kaushik to initiate the call which is opening remark post which we will have a Q&A session. Over to you, sir.
Hi, good afternoon, everyone. And thank you
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