Web Exclusive | November 2016
GHCL’s net profit up by 79%
GHCL Limited’s, India’s leading chemical and textile company, income from operations for Q2FY17 grew by 1.85 per cent to Rs 703.14 crore as compared to Rs 690.34 crore in the corresponding quarter ended September 30, 2015. EBIDTA grew by 20 per cent to Rs 180.39 crore as against Rs 150.14 crore and Net Profit (PAT) grew by 79 per cent to Rs 90.28 crore as compared to Rs 50.41 crore in the corresponding quarter previous year.
Income from operations grew by 9.27 per cent to Rs 1429.83 crore as compared to Rs 1,308.54 crore of the corresponding period of last year. Inorganics Chemicals division’s business marginally declined to Rs 404.67 crore in Q2FY17 as compared to Rs 413.34 crore in Q2FY16. Home Textiles business grew by 7.75 per cent to Rs 298.47 crore in as against Rs 277 crore.
RS Jalan, Managing Director, GHCL, says, “During the present quarter, we had a good financial performance on the back of improved efficiency, lower utility costs and better capacity utilisation leading to strong growth in the bottom lines for us. We continue to witness strong growth in our home textiles business and consolidation in the inorganic chemicals business going forward.”