PCBL Ltd shares hit a 52-week high of Rs 287.70 on 15 January after the company reported a strong Q3 report.

The company reported a 52% year-on-year increase in its net profit to Rs 148 crore during the quarter from Rs 97 crore reported in the same quarter last year. On a sequential basis, the net profit increased by 20% quarter-on-quarter from Rs 123 crore reported in the previous quarter of the same fiscal year.

The revenue of the company during the quarter stood at Rs 1,657 crore, which is a 21% YoY increase from Rs 1,363 crore reported in the same quarter last year, while it reported an 11% QoQ increase from Rs 1,487 crore reported in Q2FY24.

Moreover, in its regulatory filing, the company also announced an interim dividend of Rs 5.50 per share for the current fiscal year. The company has also set 29 January as the record date for payment of the interim dividend.

The company is one of India’s largest carbon black companies and has a significant presence in speciality chemicals. The company has four facilities and has a total capacity of 623 kilo tonnes per annum and a green power-producing facility of 98 megawatts.

At 3:30 pm, the shares of PCBL closed 3.34% higher at Rs 275.15 on NSE.