Phillips Carbon Black profit rises to Rs15.18 crore in September quarter

Phillips Carbon Black’s revenue declined to Rs509.14 crore from Rs566.29 crore a year ago


RP-Sanjiv Goenka Group chairman Sanjiv Goenka said Phillips Carbon Black will invest Rs200 crore to raise production capacity at its existing units at Palej and Mundhra.
RP-Sanjiv Goenka Group chairman Sanjiv Goenka said Phillips Carbon Black will invest Rs200 crore to raise production capacity at its existing units at Palej and Mundhra.

Kolkata: RP-Sanjiv Goenka Group controlled Phillips Carbon Black Ltd on Thursday said its net profit in the September quarter had jumped to Rs15.18 crore from Rs4.1 crore in the same period a year ago on the back of a substantial decline in operating and finance costs.

Revenue declined to Rs509.14 crore from Rs566.29 crore a year ago because of weakening of prices.

Group chairman Sanjiv Goenka said the company will invest Rs200 crore to raise production capacity at its existing units at Palej and Mundhra.

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