GOCL Corp makes ₹12.7-crore profit

Our Bureau Hyderabad | Updated on February 08, 2019 Published on February 08, 2019

GOCL Corporation Limited, a Hinduja Group Company, has reported a net profit of ₹12.68 crore — an increase of 26 per cent — for the quarter ended December 31, 2018. It posted a consolidated income of ₹160 crore, thereby registering a a growth of 15 per cent.

The company has higher export sales of energetics products, domestic sales of bulk and packaged explosives.

On a standalone basis, the total income for Q3 increased by 10 per cent from ₹27.62 crore to ₹30.25 crore. The standalone profit for the quarter was at ₹6.7 crore.

Its total revenue from energetics and explosives was at ₹144 crore ( ₹124 crore). The wholly owned subsidiary, IDL Explosives Limited (IDLEL ), reported a total income of ₹127 crore ( ₹107 crore).

Currently, the company — along with IDLEL — has ₹571 crore worth orders on hand from domestic and export customers.

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Published on February 08, 2019
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