You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

CRISIL assigns A1+ rating on Phillips Carbon's debt programme

Capital Market 

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, July 09 2021. 11:00 IST