GHCL Limited Reports Unaudited Financial Results for the Third Quarter and Nine Months Ended Dec. 31, 2012
January 28, 2013 at 10:31 pm IST
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GHCL Limited reported unaudited financial results for the third quarter and nine months ended Dec. 31, 2012. For the quarter, the company reported profit from operations before finance cost, exchange impact and exceptional items of INR 833 million against INR 648 million for the same period of last year. Profit from ordinary activities before tax was INR 267 million against INR 83 million for the same period of last year. Net profit from ordinary activities after tax was INR 166 million or INR 1.66 per basic and diluted share against INR 103 million or INR 1 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) was INR 4,840 million against INR 4,765 million for the same period of last year.
For the nine months, the company reported profit from operations before finance cost, exchange impact and exceptional items of INR 2,964 million against INR 1,933 million for the same period of last year. Profit from ordinary activities before tax was INR 799 million against INR 745 million for the same period of last year. Net profit from ordinary activities after tax was INR 622 million or INR 6.22 per basic and diluted share against INR 703 million or INR 7.08 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) was INR 15,755 million against INR 13,391 million for the same period of last year.
GHCL Limited is an India-based chemical company. The Company is engaged in the manufacturing of anhydrous sodium carbonate (soda ash) that is a raw material for detergents and glass industries and sodium bicarbonate (baking soda). Its divisions include chemicals division, consumer products division and trading division. In chemicals division, the Company offers soda ash in two categories: light soda ash and dense soda ash. It also produces sodium bicarbonate, and these products are marketed in India under the brand name LION. The consumer product division markets edible salt and crystal salt under the brand name i-Flo & Sapan. The trading division offers a variety of chemicals to industrial and consumer markets from global chemical producers. The Company, through its subsidiary, GHCL Textiles Limited, produces 100% cotton and synthetic yarns. It has a capacity of approximately 225000 ring spindles, 3320 rotors, 480 vortex positions and 5760 two-for-one (TFO) spindles.
GHCL LIMITED 
