GHCL net revenue grows 16% in FY19

GHCL, India’s leading chemical and textile company, posted net revenue of Rs 3,385 crore in the year ended March 2019, registering a growth of 16 per cent compared to net revenue of rs 2917 crore in the previous financial year. Earnings before interest, depreciation and taxation (EBIDTA) grew by 21 per cent to Rs 784 crore as against Rs 649 crore in FY 2017-18. During the 12-month period, profit before tax grew by 30 per cent to Rs 541 crore from Rs 415 crore in FY18.

Business segment-wise, GHCL’s Home Textiles business grew by 15 per cent to Rs 1,202 crore in FY19 as compared to Rs 1046 crore in FY18. While the Inorganics chemicals division grew by 17 per cent to Rs 2182 crore in FY19 as compared to Rs 1,872 crore in FY18.

For the fourth quarter (Q4) of FY19, the company’s net revenue grew by 26 per cent to Rs 915 crore as compared to Rs 726 crore in the corresponding quarter ended March 31, 2018. EBIDTA grew by 31 per cent to Rs 241 crore as against Rs 185 crore in the corresponding quarter of the previous year. Net profit, i.e. profit after tax, grew by 44 per cent to Rs 119 crore as against Rs 82 crore in the corresponding quarter of the previous year.

“Adherence to our core business strategies along with the ability to optimise the internal business environment has been the key factor for our improved performance. With the ever highest absolute EBITDA of Rs 241 crore in the quarter we have achieved a net revenue growth of 26 per cent for the quarter. This has been mostly due to our efforts towards building process efficiencies in our Chemical business and the preponement of our brownfield expansion leading to volume gains,” said RS Jalan, managing director, GHCL.