GHCL, Indiaâ€™s leading chemical and textiles company, announced its financial results for Q1FY20. Net Revenue for Q1FY20 is up by 16 per cent at Rs 879 crore as compared to Rs 757 crore in the corresponding quarter ended June 30, 2018.
GHCL, Indiaâ€™s leading chemical and textiles company, announced its financial results for Q1FY20. Net Revenue for Q1FY20 is up by 16 per cent at Rs 879 crore as compared to Rs 757 crore in the corresponding quarter ended June 30, 2018. EBIDTA is up by 46 per cent at Rs 222 crore as compared to Rs 152 crore in the corresponding quarter last year. Net Profit (PAT) has grown by 68 per cent at Rs 103 crore as against Rs 62 crore in the first quarter last fiscal.
Commenting on the financial performance, RS Jalan, Managing Director, GHCL said, â€œWe are glad that we have achieved a healthy growth in our performance with a 68 per cent growth in PAT and a 16 per cent increase in revenue in Q1FY20 over the corresponding quarter last year. We hope to continue this trend, despite the volatility due to the signs of a global slowdown, by focusing on superior serviceability, value added and differentiated product segments and stronger partnerships. Going forward we will continue to focus on health, safety and environment and encourage sustainable practices into our day to day activities so that we may responsibly create value for all our stakeholders.â€
Inorganics Chemicals divisionâ€™s revenue is Rs 588 crore in Q1 FY20 as compared to Rs 491 crore in the corresponding quarter in FY19. Home textiles business revenue increased by 10 per cent at Rs 292 crore in Q1FY 20 as compared to Rs 265 crore in the corresponding quarter in FY 19.
GHCL has established itself as a well-diversified group with an ascertained footprint in chemicals, textiles and consumer products segment. In chemicals, the company mainly manufactures Soda Ash (Anhydrous Sodium Carbonate) that is a major raw material for detergents and glass industries and Sodium Bicarbonate (baking soda). Its textiles operation is an integrated set up which commences right from spinning of fibre (yarn), weaving, dyeing, printing till the finished products, like sheets and duvets, which are primarily exported worldwide. Consumer Products operation is another business for GHCL where it is manufacturing and selling edible salt, industrial grade salt and markets jujube honey, spices and blended spices in the country under the brand name of i-Flo.