India's PCBL falls on Q3 profit slump

SRF

13/01/2025 04:21

** PCBL Chemical  PCBL.NS  slides 8.5% to 359 rupees, lowest
since Aug. 5, 2024
    ** Carbon black maker's Q3 consol net profit falls 37% Y/Y,
as a ~30% jump in expenses overshadows a 21% increase in revenue
    ** More than 2.9 mln shares traded, 1.2x the 30-day avg
    ** Stock rated "buy" on avg; median PT is 500 rupees - LSEG
    ** Peer SRF  SRFL.NS  rated "hold" on avg
    ** PCBL rose 16% in 2024, while SRFL shed 9%

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))