PCBL profit may jump 5x in next five years to ₹2,500 crore, says RPSG Group Chairman Sanjiv Goenka
https://youtu.be/rAcEFpKFwd4?si=0t7EM2s1U93xcCMV
PCBL profit may jump 5x in next five years to ₹2,500 crore, says RPSG Group Chairman Sanjiv Goenka
- The profitability of PCBL Ltd., the producer of carbon black and its by-products, should see a rise of 5x in the next five years, according to RP Sanjiv Goenka Group Chairman, Sanjiv Goenka.
- Goenka said that PCBL should see a profit after tax between ₹2,400 crore and ₹2,500 crore in the next five years.
- Goenka also said that PCBL's margins can see an expansion of nearly 200 basis points up to 18% from the current levels of 16%.
- The RP Sanjiv Goenka Group Chairman said that they intend to expand in the chemicals business through the acquisition of "Aquapharm" and will also be making investments in oil and gas chemicals.
- PCBL had acquired Aquapharm in November 2023 for over ₹3,800 crore.
- This strategic acquisition marked PCBL's entry into the global specialty segments of water treatment chemicals and oil and gas chemicals, representing the first milestone in the realisation of its vision to build a multi-platform global specialty chemical business portfolio.
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