You are here » Home » Companies » Company Overview » Phillips Carbon Black Ltd

Phillips Carbon Black Ltd.

BSE: 506590 Sector: Industrials
NSE: PHILIPCARB ISIN Code: INE602A01023
BSE 00:00 | 20 Jul 199.60 -2.55
(-1.26%)
OPEN

202.10

HIGH

205.70

LOW

197.30

NSE 00:00 | 20 Jul 199.80 -2.15
(-1.06%)
OPEN

203.00

HIGH

205.80

LOW

197.30

OPEN 202.10
PREVIOUS CLOSE 202.15
VOLUME 55459
52-Week high 318.98
52-Week low 108.96
P/E 14.97
Mkt Cap.(Rs cr) 3,440
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 202.10
CLOSE 202.15
VOLUME 55459
52-Week high 318.98
52-Week low 108.96
P/E 14.97
Mkt Cap.(Rs cr) 3,440
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Phillips Carbon Black Ltd. (PHILIPCARB) - Chairman Speech

Company chairman speech

A record year of all-round performance

Dear Shareholders

Writing my letter to you last year I was so enthused that shedding the usualChairman's caution I pledged to elevate PCBL “to the next altitude of valuecreation”.

A year later I am delighted that promise has been achieved and defying all theoverseas business tension and home competition PCBL in FY18 could outperform ourexpectation.

The pages that follow give you a ball-by-ball picture of your Company's all-roundperformance including our record-breaking production of Carbon Black achieving thehighest-ever output from the four plants the highest-ever turnover as also profits. Itis a pleasure that all our plants well-known for their strategic locations increased theircapacity utilisation and achieved encouraging cost-benefits through productionefficiencies.

I am sure you will join with me in congratulating the team on selling more of itsproducts after broadening the range.

Our Company now in its 58th year also responded vigorously to the newnational slogan ‘Make in India'. While fighting the present we have not overlookedthe future scenario and we have initiated substantial capacity addition during the year.We also are ready for another greenfield project this time in South India. To summarisewe successfully continued our growth momentum and achieved an encouraging rise inrevenues as also profit. Our cost-efficient operations and the philosophy of prudentinventory management have led to noticeable debt reduction.

It gives me great satisfaction of having achieved record production and exports crossed30 countries. PCBL also co-generated 450 million units of green power through conversionof lean gas both for captive consumption and merchant sale.

There is also a good news for all shareholders. The final dividend of 60%( ` 1.20 persplit share of ` 2/- each) is in addition to the earlier interim dividend of 60% declaredon 24th October 2017 which was ` 6/- per equity share of the face value of `10/- per equity share.

As India prepares to move a fast foot forward to higher efficiency I continue to be inan optimistic mood. Barring unforeseen developments in international markets our dynamicteam should ideally make FY19 another record-breaking year for PCBL and all itsstakeholders.

Yours sincerely

Sanjiv Goenka