This RP-Sanjiv Goenka Group company gave over 200% return to investors in 1 year

The stock settled 10.6% higher at ₹498.8 apiece on the National Stock Exchange (NSE). It closed at ₹500.4, up 10.9%, on the BSE.

The company's market capitalisation is ₹18,827.8 crore, while its free float m-cap is ₹8,660.8 crore.

The stock has gained 81% in the past month. Year-to-date, the company has given returns of 98.7% and jumped 214.6% in the past year.

Global scenario favouring growth of India’s rubber black industry: PCBL

PCBL said that environmental concerns and high input costs have impacted carbon black production in China, affecting exports. European Union's (EU's) carbon black imports from China have reduced 40% year-to-date (YTD), the company said in an exchange filing.

Similarly, the EU's imports from Russia have reduced nearly 50% YTD and are expected to fall to zero in July 2024.

The RP-Sanjiv Goenka Group company noted that India is emerging as a major exporter to both the European Union (EU) and North America.

The company intends to meet the growing demand by

• Efficient manufacturing
• Global supply chain-driven market presence
• Well-diversified product portfolio
• R&D and innovation
• Capacity expansion
• Digitalisation and sustainability

PCBL had reported a 8.1% increase in its net profit to ₹118 crore in the first quarter of financial year 2024-25 as against ₹109 crore in the same quarter last fiscal.

The revenue from operations rose 59% to ₹2,143.6 crore in Q1 FY25 compared to ₹1,347.5 crore in the year-ago period. EBITDA jumped 70% to ₹358.2 crore in the latest June quarter as against ₹210.7 crore in the corresponding period last year.