GHCL logs a whopping 300% y-o-y growth in PAT for Q1FY23; revenue jumps by 96% yoy at Rs1,371 crore

29 Jul 2022 , 12:29 PM

GHCL Limited, India’s leading Chemical & Textile Company, today announced its results for Q1FY23. The company delivered a strong performance during the period under review.

Company reported 96% yoy growth during Q1FY23 at Rs1,371 crore as compared to Rs699 crore in the previous corresponding quarter.

EBITDA of the company jumped by 169% yoy at Rs429 crore as against Rs159 crore in the same quarter previous year.

GHCL reported an exceptional 300% yoy growth in its net profit for Q1FY23 at Rs339 crore as compared to Rs85 crore in the previous corresponding quarter.

The revenue of the Inorganics Chemicals division increased by 108% to Rs1,096 crore in Q1FY23, as compared to Rs527 crore in Q1FY22.

Revenue from the textiles business increased by 60% to Rs275 crore in Q1FY23, up from Rs172 crore in Q1FY22.

The company also inaugurated its new spinning unit at Manaparai in the Madurai district of Tamil Nadu.

At around 12.37 PM, GHCL was trading at Rs657.70 down by Rs13.15 or 1.96% from its previous closing of Rs670.85 on the BSE. The scrip touched intraday high and low of Rs686 and Rs653.55 respectively.

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