GHCL Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 29, 2014 at 01:17 pm
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GHCL Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 812.138 million, profit before tax of INR 377.729 million and net profit after tax of INR 269.932 million or INR 2.64 per basic and diluted share after extraordinary items on total income from operations of INR 5,475.662 million against profit from operations before other income, finance costs and exceptional items of INR 830.739 million, profit before tax of INR 266.814 million and net profit after tax of INR 165.514 million or INR 1.66 per basic and diluted share after extraordinary items on total income from operations of INR 4,881.469 million reported a year ago.
For the nine months period, the company reported profit from operations before other income, finance costs and exceptional items of INR 2,738.858 million, profit before tax of INR 1,064.148 million and net profit after tax of INR 774.099 million or INR 7.68 per basic and diluted share after extraordinary items on total income from operations of INR 16,256.635 million against profit from operations before other income, finance costs and exceptional items of INR 2,950.990 million, profit before tax of INR 798.595 million and net profit after tax of INR 622.295 million or INR 6.22 per basic and diluted share after extraordinary items on total income from operations of INR 15,848.559 million reported a year ago.
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.