PCBL Chemical Limited Reports Q3 FY26 Results with Revenue of ₹1,292.12 Crores

PCBL Chemical Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging performance amid market conditions. The chemical company, formerly known as PCBL Limited, reported mixed results across its standalone and consolidated operations. Standalone Financial Performance The company's standalone operations showed a decline in key financial metrics for the third quarter. Total income from operations decreased to ₹1,292.12 crores in Q3 FY26 from ₹1,437.97 crores in the corresponding quarter of the previous year. Metric Q3 FY26 Q3 FY25 Change Total Income ₹1,292.12 crores ₹1,437.97 crores -10.14% Net Profit (Before Tax) ₹50.72 crores ₹145.78 crores -65.20% Net Profit (After Tax) ₹36.08 crores ₹110.99 crores -67.49% Basic EPS ₹0.93 ₹2.94 -68.37% Nine-Month Performance Review For the nine-month period ended December 31, 2025, the standalone business generated total income of ₹4,236.88 crores. Net profit after tax for the nine-month period stood at ₹188.80 crores, while total comprehensive income reached ₹175.61 crores. Consolidated Results Analysis The consolidated financial results presented an even more challenging picture. Total income from operations for Q3 FY26 was ₹1,861.70 crores compared to ₹2,021.09 crores in Q3 FY25. Parameter Q3 FY26 Q3 FY25 Nine Months FY26 Total Income ₹1,861.70 crores ₹2,021.09 crores ₹6,157.17 crores Net Profit (After Tax) ₹2.02 crores ₹93.11 crores ₹157.82 crores Basic EPS ₹0.05 ₹2.47 ₹4.14 Capital Structure and Financial Position The company maintained its paid-up equity share capital at ₹39.35 crores, with shares having a face value of ₹1 each. The net worth on a standalone basis stood at ₹3,645.13 crores, while the consolidated net worth was ₹3,548.38 crores. Key financial ratios showed the debt-equity ratio at 0.82 for standalone operations and 1.39 for consolidated operations. The debt service coverage ratio was 0.98 for standalone and 0.87 for consolidated operations. Regulatory Compliance The results were filed under Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete financial results are available on the company's website and stock exchange platforms for detailed analysis by investors and stakeholders. PCBL Chemical Limited announced its Q3FY26 quarterly results for the quarter ended December 31, 2025, with the Board of Directors approving the unaudited standalone and consolidated financial results at their meeting held on February 3, 2026. The company reported consolidated revenue from operations of ₹1,846 crore and EBITDA of ₹231 crore for the quarter. Board Meeting and Regulatory Compliance The Board meeting commenced at 11:30 AM and concluded at 1:30 PM on February 3, 2026. Pursuant to Regulations 30, 33, 51, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board considered and approved the unaudited standalone and consolidated financial results along with limited review reports issued by statutory auditors. Parameter: Details Meeting Date: February 3, 2026 Meeting Duration: 11:30 AM to 1:30 PM Regulatory Compliance: SEBI LODR Regulations 30, 33, 51, 52 Auditor Review: Limited Review by S.R. Batliboi & Co. LLP Financial Performance Overview The company's quarterly performance showed mixed results compared to the previous year. While maintaining operational efficiency, PCBL Chemical faced headwinds in certain segments during the challenging market environment. Metric: Q3FY26 Q3FY25 Change Revenue from Operations: ₹1,846 Cr ₹2,010 Cr -8.16% EBITDA: ₹231 Cr ₹329 Cr -29.79% EBITDA Margin: 12.52% 16.37% -385 bps PBT: ₹10 Cr ₹124 Cr -91.97% PAT: ₹2 Cr ₹93 Cr -97.83% Operational Highlights and Capacity Expansion Despite the challenging environment, PCBL Chemical achieved several operational milestones during the quarter. The company successfully commissioned a brownfield expansion of 60 KTPA rubber line in Tamil Nadu, bringing the total capacity to 850 KT. The company is running at high capacity utilization and domestic carbon black sales volumes grew by 6% year-on-year, driven by higher domestic consumption and rising exports of tyres. Parameter: Details Total Capacity: 850 KT Domestic CB Sales Growth: 6% YoY Specialty Black Volume (Q3FY26): 16,700 MT Specialty Black Growth: 17% YoY Working Capital and Cash Flow Management The company demonstrated strong financial discipline with significant improvements in working capital management. The working capital cycle improved by 12 days in 9M FY26, releasing approximately ₹400 crore of cash. Overall cash generation remained healthy, with a reduction in net debt of approximately ₹400 crore since March 2025. Segment Performance Analysis Carbon black sales volume decreased by 1.55% year-on-year in Q3FY26, totaling 1,41,271 MT compared to 1,43,500 MT in Q3FY25. However, the specialty segment showed resilience with sales volume increasing by 17% year-on-year during the quarter. Segment: Q3FY25 (MT) Q3FY26 (MT) Change Tyres: 87,750 81,219 -7.44% Performance: 41,470 43,352 +4.54% Specialty: 14,280 16,700 +16.95% Total CB Sales: 1,43,500 1,41,271 -1.55% Strategic Developments and Corporate Actions The company made significant progress in its strategic initiatives. Trial runs commenced for super-conductive grades of 1,000 MTPA in Palej, Gujarat, and pre-commissioning activity for specialty black 20,000 MTPA new line has started. Nanovace's pilot plant project of 80 tons will be operational by the end of March 2026. The conversion of 1.60 crore warrants into equity shares totaling ₹448 crore was completed during the quarter, strengthening the capital base. Source: PCBL Chemical Limited Board Meeting Outcome dated February 3, 2026 We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. 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