Gujarat Alkalies & Chemicals Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 30, 2012 at 11:11 pm IST
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Gujarat Alkalies & Chemicals Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported income from operations of INR 4,408.9 million, profit from operations before interest & exceptional items of INR 401.2 million, profit before tax of INR 361.6 million, net profit of INR 259.4 million or basic and diluted earnings per share before and after extraordinary items of INR 3.53 compared to income from operations of INR 3,440.4 million, profit from operations before interest & exceptional items of INR 221 million, profit before tax of INR 183 million, net profit of INR 191.9 million or basic and diluted earnings per share before and after extraordinary items of INR 2.61 for the same period last year.
For the nine months, the company reported income from operations of INR 12,761 million, profit from operations before interest & exceptional items of INR 1,741.7 million, profit before tax of INR 1,522.2 million, net profit of INR 1,094 million or basic and diluted earnings per share before and after extraordinary items of INR 14.9 compared to income from operations of INR 14,231.7 million, profit from operations before interest & exceptional items of INR 1,356 million, profit before tax of INR 1,271.2 million, net profit of INR 1,143.1 million or basic and diluted earnings per share before and after extraordinary items of INR 15.56 for the same period last year.
Gujarat Alkalies and Chemicals Limited is a multi-product chemical manufacturing company. The Company is engaged in manufacturing various chemical products, such as Caustic Soda Lye, Caustic Soda Flakes, Caustic Soda Prills, Chloromethanes, Caustic Potash Flakes, Potassium Hydroxide, Potassium Carbonate, Chlorine Gas/Liquid, Hydrochloric Acid, Phosphoric Acid, Hydrogen Peroxide, Aluminum Chloride, Poly Aluminum Chloride, Sodium Chlorate and Poly Aluminum Chloride Awareness Film. Its products are used by various industries, which includes textiles, pulp and paper, soaps and detergents, alumina, water treatment, petroleum, plastics, pharmaceuticals, agrochemicals, plant protection, refrigeration gases and epoxy. The Company exports its products to Europe, West Asia, Southeast Asia, Africa, Middle East/ Far East and South Asian Association for Regional Co-operation (SAARC) countries. It has an installed production capacity of 4,12,500 million tons per annum (MTPA) of Caustic Soda.