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Corporate Results
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Diversified
GHCL net up 20% at Rs 38 cr
Ahmedabad, July 30
Gujarat Heavy Chemicals Ltd (GHCL) has reported a
net profit of Rs 38 crore (Rs 31.55 crore) up 20 per
cent for the quarter ended June 30. Income from
operations for the period was at Rs 325.8 crore (Rs 256.57
crore) up 26.98 per cent. EBIDTA for the period was at Rs
85 crore (Rs 67 crore) up 26.72 per cent. The textiles
division accounted for 31.73 per cent or Rs 96.36 crore of
the total revenue, registering a growth of 10.8 per cent
over the corresponding period last year.
Revenue from the soda ash business was registered at Rs 195 crore,
accounting for 64 per cent of the total revenue. "The soda
ash business during the period witnessed a strong growth
which we would like to consolidate going forward. The
forthcoming launch of our retail operations in the
domestic market augurs well for the company as this
would help us fully leverage the business model put in
place where in we successfully integrated the Indian and
foreign," said Mr Sanjay Dalmia, Chairman, GHCL.-
Our Bureau
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