GHCL Q3 PAT grows to Rs111cr; Net revenue declines to Rs809cr

EBITDA for the quarter stood at Rs204cr as compared to Rs177cr in the corresponding quarter last year, a growth of 15%.

Jan 28, 2021 04:01 IST India Infoline News Service

GHCL
GHCL Limited, India’s leading Chemical and Textile Company, today announced its financial results for Q3FY21. Net Revenue for Q3FY21 stood at Rs809cr as compared to Rs834cr in the corresponding quarter last year.

The company reported Net Profit (PAT) is at Rs111cr as against Rs101cr in the third quarter last fiscal, despite of major tax reversal in Q3FY20. EBITDA for the quarter stood at Rs204cr as compared to Rs177cr in the corresponding quarter last year, a growth of 15%.

The company’s inorganics chemicals division’s revenue is Rs528cr in Q3FY21 as compared to Rs549cr in the corresponding quarter in FY20. Home Textiles business revenue is at Rs280cr in Q3FY21 as compared to Rs285cr in the corresponding quarter in FY20.

“With several vaccines getting approval worldwide and here in India too, business is being restored due to an upbeat sentiment and the economy is making appreciable strides towards normalcy. We have demonstrated encouraging performance during the quarter under review with 26% profitability (PBT) growth yoy basis and 41% profitability (PBT) growth qoq basis.

Strong performance is a result of concerted efforts undertaken by the company and a healthy demand scenario for our products in both the business segments. We are focused, agile and committed towards ensuring sustainable and inclusive growth of all our stakeholders,” R S Jalan, Managing Director, GHCL said.

GHCL Ltd ended at Rs209.70 per piece down by Rs4.95 or 2.31% on the BSE.

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