CRISIL Ratings has assigned a CRISIL A1+ rating on Rs 550 crore commercial paper issue of Phillips Carbon Black.
On a consolidated basis, Phillips Carbon Black reported 75.2% jump in net profit to Rs 127.81 crore on 23.8% increase in net sales to Rs 866.73 crore in Q4 FY21 over Q4 FY20.
Phillips Carbon Black is India's largest carbon black manufacturer.
Shares of Phillips Carbon Black fell 0.77% to Rs 238.30 on BSE. The scrip hovered in the range of Rs 235.80 to Rs 242.70 in intraday trade.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app