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GHCL announces Q3 FY21 results

Jan 29, 2021
GHCL announces Q3 FY21 results

GHCL, India’s leading chemical and textile company, recently announced its financial results for Q3 FY21.

Commenting on the financial performance, R S Jalan, Managing Director, GHCL said, “With several vaccines getting approval worldwide and here in India too, business is being restored due to an upbeat sentiment and the economy is making appreciable strides towards normalcy. We have demonstrated encouraging performance during the quarter under review with 26 per cent profitability (PBT) growth Y-o-Y basis and 41 per cent profitability (PBT) growth Q-o-Q basis. Strong performance is a result of concerted efforts undertaken by the Company and a healthy demand scenario for our products in both the business segments. We are focused, agile and committed towards ensuring sustainable and inclusive growth of all our stakeholders.”

Q3 FY21 VS Q3 FY20 (Standalone Performance)

·       Net Revenue for Q3 FY21 is at Rs 809 crore as compared to Rs 834 crore in the corresponding quarter last year.

·       Robust EBIDTA growth of 15 per cent, EBITDA for the quarter stood at Rs 204 crore as compared to Rs 177 crore in the corresponding quarter last year.

·       Net Profit (PAT) is at Rs 111 crore as against Rs. 101 crore in the third quarter last fiscal, despite of major tax reversal in Q3 FY 20.

Business Segments (Q3FY21 VS Q3FY20)

·       Inorganics Chemicals division’s revenue is Rs 528 Crore in Q3 FY21 as compared to Rs 549 crore in the corresponding quarter in FY20.

·       Home Textiles business revenue is at Rs 280 Crore in Q3FY 21 as compared to Rs 285 crore in the corresponding quarter in FY20.

GHCL Limited 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 of the finished products, like sheets and duvets, 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.

At GHCL Ltd, sustainability is a core element of our business strategy as defined under the aegis of ‘GHCL Way’ with its four pillars i.e. Responsible Stewardship, Social Inclusiveness, Promoting Relationship and Adding Value. We are committed to working closely with our stakeholders at our various plant locations for promoting the agenda of sustainability underpin on GHCL Ltd core values of respect, trust, ownership and integrated teamwork.