Phillips Carbon Black (PCBL) reported a steady performance in a Covid impacted Q1FY21. Net sales for the quarter were at | 360 crore, down 61% YoY. Carbon black sales volume for the quarter came in at ~51,300 tonne, down 52% YoY with blended realisation at | 68/kg vs. | 83/kg in base quarter. PCBL reported positive EBITDA and PAT prints despite a steep decline in sales volume and value. EBITDA in Q1FY21 was at | 39 crore with EBITDA margins at 10.7% (EBITDA/tonne at ~| 7,500/tonne). PAT in Q1FY21 came in at | 2.3 crore. The company guided for near normalcy in operations...