GHCL announces strong financial, PAT up 25% in Q4 FY23
The company has demerged its spinning business (effective from April 1, 2023) from GHCL Limited to GHCL Textiles Limited, to create strong independent businesses uniquely positioned to enhance stakeholders' value over time
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Ahmedabad : GHCL, India’s leading Chemical Company, on Saturday announced its financial results for Q4 FY23.
Commenting on the financial performance, Mr. R S Jalan, MD, GHCL Limited said “In the last quarter, the global Soda Ash demand-supply situation was by and large balanced. We did take a cut in the Soda ash prices last month mostly attributable to a dip in global energy prices, making it possible to pass on the benefits to our customers. Going forward, the outlook for the business continues to remain positive due to improvements in economic activity and demand increase for a wider set of applications like solar glass and lithium ion batteries. As we move into the next fiscal, we shall continue our focus on enhancing operational excellence, executing expansion projects and implementing growth initiatives focused on digitalization, sustainable transformation and value creation for our stakeholders”.
Q4 FY23 VS Q4 FY22 (Standalone Performance- Continued operations)
Net Revenue grew by 8% to Rs. 1,141 Crores as compared to Rs. 1,058 crores in the corresponding quarter ended March 31, 2022
EBIDTA grew by 10% to Rs. 370 Crores as compared to Rs. 338 crores in the corresponding quarter last year
Net Profit (PAT) grew by 25% to Rs. 251 Crores as against Rs. 200 crores in the corresponding quarter last fiscal
FY 23 VS FY22 (Standalone Performance-Continued operations)
Revenue grew by 50% to Rs. 4,584 Crores in FY23 as against Rs. 3,061 crores in FY22
EBIDTA grew by 106% to Rs. 1,520 Crores in FY23 as against Rs.737 crores in FY22
Profit After Tax grew by 159% to Rs. 1,092 Crores as against Rs. 422 crores in FY22
Recent Development
The company has demerged its spinning business (effective from April 1, 2023) from GHCL Limited to GHCL Textiles Limited, to create strong independent businesses uniquely positioned to enhance stakeholders’ value over time.
ABOUT GHCL
GHCL Limited is engaged in the manufacture of Soda Ash (Anhydrous Sodium Carbonate), that is a major raw material for detergents & glass industries and Sodium Bicarbonate (baking soda). Through a demerger it has separated its spinning business into GHCL Textiles Limited, which will continue to produce multiple varieties of fibre (yarn), sold to domestic consumers as well as exported worldwide.
Sustainability is a core element of business strategy as defined by the ‘GHCL Way’ with its four pillars i.e. Responsible Stewardship, Social Inclusiveness, Promoting Relationship and Adding Value. Both GHCL Limited and GHCL Textiles Limited remain committed to working closely with stakeholders at various plant locations for promoting the agenda of sustainability underpinning on the core values of Respect, Trust, Ownership and Integrated Teamwork.
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