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GHCL achieves healthy growth in PAT, revenue
Business

GHCL achieves healthy growth in PAT, revenue

Agency News

Kolkata, Jul 30: GHCL, leading Chemical and Textile Company, today said that the company had achieved a healthy growth in PAT and revenue.

Announcing its financial results for Q1FY20, R S Jalan, Managing Director,  GHCL said, “We have achieved a healthy growth in our performance with a 68% growth in Profit After Tax (PAT) and a 16% increase in revenue in Q1FY20 over the corresponding quarter last year. We hope to continue this trend, despite the volatility due to the signs of a global slowdown, by focusing on superior serviceability, value added and differentiated product segments and stronger partnerships. Going forward we will continue to focus on health, safety and environment and encourage sustainable practices into our day to day activities so that we may responsibly create value for all our stakeholders”.Q1FY20 VS Q1 FY 19 (Standalone Performance)

Net Revenue for Q1FY20 is up by 16% at Rs 879 Crores as compared to Rs 757 crores in the corresponding quarter ended June 30, 2018.

EBIDTA is up by 46% at Rs 222 Crores as compared to Rs 152 crores in the corresponding quarter last year.

Net Profit (PAT) has grown by 68% at Rs 103 Crores as against Rs 62 crores in the first quarter last fiscal. Business Segments (Q1FY20 VS Q1FY19) Inorganics Chemicals division’s revenue is Rs 588 Crores in Q1 FY20 as compared to Rs 491 crores in the corresponding quarter in FY19. Home Textiles business revenue increased by 10% at Rs 292 Crores in Q1FY 20 as compared to Rs 265 crores in the corresponding quarter in FY 19, as per a company release. (UNI)