Gujarat Alkalies and Chemicals Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 06:31 pm IST
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Gujarat Alkalies and Chemicals Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 4,165.6 million against INR 4,408.9 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 637.2 million against INR 401.6 million a year ago. Profit from ordinary activities before tax was INR 481.0 million against INR 361.6 million a year ago. Net profit for the period was INR 333.4 million or INR 4.54 per basic and diluted share against net profit for the period of INR 259.4 million or INR 3.53 per basic and diluted share a year ago. Cash earnings per share was INR 59.91. Return on equity was 11.93%. Book value per share was INR 235.25 from INR 213.83 as at March 31, 2012.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 13,348.4 million against INR 12,761.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 2,249.2 million against INR 1,749.2 million a year ago. Profit from ordinary activities before tax was INR 2,154.2 million against INR 1,622.2 million a year ago. Net profit for the period was INR 1,546.2 million or INR 21.06 per basic and diluted share against net profit for the period of INR 1,094.0 million or INR 14.90 per basic and diluted share a year ago.
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.