India's PCBL slips on fall in September-quarter revenue

PCBL Chemical

17/10/2023 09:53

** Shares of PCBL  PCBL.NS  fall as much as 5.59% to 192.50
rupees after reporting decline in quarterly revenue
    ** Carbon black manufacturer reports 8.7% Y/Y fall in
consolidated revenue from operations in the September quarter
    ** However, net profit rose 6% YoY, mainly due to 11% fall
in total costs
    ** Trading volume is 4.36 mln shares as of 2:17 p.m. IST,
nearly equal to the 30-day avg - LSEG data
    ** Stock down 4.07% as of 2:22 p.m. IST, cutting PCBL's YTD
gains to 51.25%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))