PCBL Ltd's Q4 financials show mixed results, highest operating profit but declining PBT and PAT

PCBL Ltd, a midcap company in the carbon black industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, PCBL Ltd has seen a negative performance in the quarter, with a score of -9 compared to 1 in the previous 3 months. However, there are some positive aspects to the company's performance. The operating profit (PBDIT) for the quarter was the highest at Rs 309.51 crore and has been growing each quarter in the last five quarters. The net sales for the quarter were also the highest at Rs 1,928.78 crore, showing a positive trend in the near term. The net sales have also grown at a rate of 31.5% over the average of the previous four quarters.

On the other hand, there are some areas that are not working in favor of PCBL Ltd. The profit before tax less other income (PBT) for the quarter has fallen by -21.8% compared to the average of the previous four quarters. The interest cost has also increased by 234.23% quarter on quarter, indicating increased borrowings. This has resulted in the company's ability to manage interest payments deteriorating. The PBT for the quarter was also the lowest in the last five quarters.

The profit after tax (PAT) for the quarter has also fallen by -7.6% compared to the average of the previous four quarters. The non-operating income for the quarter was the highest in the last five quarters, but it may not be sustainable as it comes from non-business activities.

Overall, PCBL Ltd's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep an eye on the company's future performance.