Having reported a net loss of Rs 33 crore during the July-September 2012 quarter, Phillips Carbon Black Ltd (PCBL) on Tuesday reported to be back in black in the third quarter of this fiscal.
The RP-Sanjiv Goenka Group outfit posted net profit of Rs 76 lakh for the quarter ended December 31, 2012.
Shares of PCBL closed at Rs 85.50, down by 1.33 per cent on the BSE on Tuesday.
The profits were, however, down by 96 per cent from Rs 20 crore during September-December 2011 quarter on account of an overall slow down in automobile sector and its resultant impact on tyre makers. PCBL supplies carbon black consumed by tyre sector.
The drop in net profit is despite a six per cent rise in net sales to Rs 544 crore. Revenues from the carbon black division grew by about six per cent to Rs 525 crore, while that from the power segment increased by 14 per cent to Rs 33 crore.