GHCL witnesses 30% yoy rise in Q4 PAT to Rs104cr, revenue logs double-digit growth too

Revenue for the quarter stood at Rs821cr, rising by 12% yoy as compared to Rs734cr in the corresponding quarter last year.

Apr 29, 2021 03:04 IST India Infoline News Service

GHCL
GHCL has registered a 30% growth in net profit to Rs104cr for the quarter ending March 2021 (Q4FY21) against Rs80cr in the corresponding quarter last fiscal. Revenue for the quarter stood at Rs821cr, rising by 12% yoy as compared to Rs734cr in the corresponding quarter last year.

On segment-wise performance, Inorganics Chemicals division’s revenue was at Rs531cr in Q4 FY21 as compared to Rs519cr in the corresponding quarter in FY20. Meanwhile, Home Textiles business revenue stood at Rs290cr in Q4FY 21 as compared to Rs214cr in the corresponding quarter in FY20.

R S Jalan, Managing Director, GHCL said, "We are glad to have concluded the year on a positive note despite unprecedented macro-economic challenges posed by the CoVID-19 pandemic and related restrictions. Our teams demonstrated tremendous resilience while we navigated through this phase with agility and valor," adding, "Favorable recovery trends across key end user industries combined with operational excellence steered the momentum for year, resulting in 12% gains in revenue and 73% growth in profit before tax in Q4 FY 21. Plant utilization levels returned back to pre-COVID levels supported by a positive demand scenario."

Jalan added, "Given the current visibility and a promising demand landscape, we foresee better times for us going ahead helping us realize our growth aspirations while focusing on shareholder value creation.”

At around 3.12 pm, GHCL was trading at Rs234 per piece down by 0.5% on Sensex. 

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