PCBL Chemical Limited has released its Q3FY26 investor update, reporting consolidated revenue from operations of ₹1,846 crore and EBITDA of ₹231 crore for the quarter ended December 31, 2025. The company's consolidated profit before tax (PBT) for the quarter stood at ₹10 crore.

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.

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.

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 2% year-on-year in Q3FY26, totaling 1,41,271 MT compared to 1,43,500 MT in Q3FY25. However, the tyres segment showed resilience with sales volume increasing by 4% year-on-year during 9MFY26, driven by robust demand.

Aquapharm Chemical and Power Generation

Aquapharm Chemical reported stable revenue from operations of ₹327 crore with EBITDA of ₹35 crore in Q3FY26. Sales volume stood at 21,790 MT during the quarter. The company's co-generation power generation increased by 28% year-on-year to 206 MU during the quarter, with external sales volume of 125 MU. Net realization from power sales stood at ₹3.30 per kWh during the quarter.

Strategic Developments

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.

PCBL Chemical Limited has announced the availability of its Q3FY26 results conference call audio recording on the company's official website. The audio link provides investors and stakeholders access to the detailed discussion held regarding the company's performance for the quarter and nine months ended December 31, 2025.

Conference Call Details

The Q3FY26 results conference call was conducted on February 3, 2026, at 15:00 hours India Time. The company has made the complete audio recording accessible through its investor relations section, demonstrating its commitment to transparency and stakeholder communication.

Investor Access and Transparency

The audio recording can be accessed at the company's investor relations portal under the financials section. This initiative allows investors who could not participate in the live session to review the management's commentary and responses to analyst queries regarding the Q3FY26 performance.

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited (NSE Code: PCBL) and BSE Limited (BSE Code: 506590) about the availability of the conference call audio link. This communication was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper regulatory compliance and stakeholder notification.