PCBL Chemical Q1 FY27: Profits Rise Sharply as the Portfolio Moves Up the Value Chain

Consolidated revenue from operations was Rs. 2,474 crore, EBITDA was Rs. 400 crore, and PAT was Rs. 155 crore, as per the Q1 FY27 investor update.

Segment revenue was Carbon Black Rs. 2,003.93 crore, Power Rs. 111.00 crore, Chemical Rs. 393.83 crore, and Battery Chemical reported nil revenue in the segment table for the quarter ended June 30, 2026.

Aquapharm reported revenue of Rs. 394 crore and EBITDA of Rs. 47 crore in Q1 FY27, as stated in the investor update and reiterated on the earnings call.

The company highlighted commissioning of a 20,000 MTPA specialty black line at Mundra and stated a 1,000 MTPA super-conductive specialty black facility was operational.

The CFO stated an inventory impact of about Rs. 70 crore in Q1, and estimated Rs. 40 to Rs. 50 crore may reverse due to inventory position changes.

Management indicated FY27 capex would be around Rs. 300 crore plus or minus Rs. 50 crore, mainly maintenance and efficiency-related, with limited greenfield spend in FY27.

Management said the Nanovace pilot plant received consent to operate for R&D and that customer sampling is expected to start in the coming weeks of August 2026.