Comments
GOCL Corporation Ltd, formerly Gulf Oil Corporation Ltd, has posted a net profit of Rs 5.04 crore for the third quarter ended December 31, 2016 against a net profit of Rs 6 crore during the corresponding quarter last year.
The Hinduja Group Company registered a total income of Rs 133.80 crore during the third quarter against Rs 125.66 in the same period last year.
The company has posted a net profit of Rs 21 crore and an income of Rs 364.73 for the nine months ended December 2016.
The energetics and explosives division has posted a turnover of Rs 26 crore, up 26 per cent during the quarter.
IDL Explosives Ltd, the company's wholly owned subsidiary, has logged in a turnover of Rs 311 crore during the nine-month period, up 7 per cent.
The mining and infrastructure division has posted a lower income of Rs 6 crore against Rs 17 crore in the same period last year due to adverse market conditions and regulatory environment in the mining sector.
In the realty business, the company has secured occupancy certificate for Ecoplis Block 3 of 10.46 lakh sq.ft and a multi-level parking of 4.06 lakh sq.ft. Construction of Block 2 comprising 10.06 lakh sq.ft is underway. The company is in the process of securing approvals for Block 1 of 6.34 lakh sq.ft.
With regards to property in Hyderabad, plans for Phase I are in the process, the company said.
GOCL shares were trading up by 2.37 per cent at Rs 332 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.