Gujarat Alkalies and Chemicals Limited Announces Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017, and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2017; Announces Production Results for the Year Ended March 31, 2017
May 26, 2017 at 05:21 am
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Gujarat Alkalies and Chemicals Limited announced audited standalone earnings results for the fourth quarter ended March 31, 2017, and audited consolidated and standalone earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company's total income from operations was INR 5,895.9 million against INR 6,227.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 798.8 million against INR 1,068.7 million a year ago. Profit from ordinary activities before tax was INR 921.3 million against INR 1,159.6 million a year ago. Net profit from ordinary activities after tax was INR 871.0 million or INR 11.86 per basic and diluted share (before other comprehensive income) (not annualized) against INR 1,154.0 million or INR 15.71 per basic and diluted share (before other comprehensive income) (not annualized) a year ago.
For the year, on standalone basis, the company's total income from operations was INR 23,025.1 million against INR 22,184.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 3,387.0 million against INR 2,264.0 million a year ago. Profit from ordinary activities before tax was INR 3,817.8 million against INR 2,627.0 million a year ago. Net profit from ordinary activities after tax was INR 3,081.0 million or INR 41.95 per basic and diluted share (before other comprehensive income) (not annualized) against INR 2,198.9 million or INR 29.94 per basic and diluted share (before other comprehensive income) (not annualized) a year ago. Return on equity was 9.31% against 7.65% a year ago.
For the year, on consolidated basis, the company's total income from operations was INR 23,025.1 million against INR 22,184.0 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 3,387.0 million against INR 2,264.0 million a year ago. Profit from ordinary activities before tax was INR 3,805.7 million against INR 2,624.1 million a year ago. Net profit from ordinary activities after tax was INR 3,073.0 million or INR 41.85 per basic and diluted share (before other comprehensive income) (not annualized) against INR 2,196.0 million or INR 29.90 per basic and diluted share (before other comprehensive income) (not annualized) a year ago.
The company during the year 2016-2017, achieved the total production of 1,550,572 MT, increase of 80,375 MT or 5.47% of all the products as against 1,470,197 MT in the previous year.
Gujarat Alkalies and Chemicals Limited is a multi-product chemical manufacturing company. The Company is engaged in manufacturing various chemical products, such as Caustic Soda Lye, Caustic Soda Flakes, Caustic Soda Prills, Chloromethanes, Caustic Potash Flakes, Potassium Hydroxide, Potassium Carbonate, Chlorine Gas/Liquid, Hydrochloric Acid, Phosphoric Acid, Hydrogen Peroxide, Aluminum Chloride, Poly Aluminum Chloride, Sodium Chlorate and Poly Aluminum Chloride Awareness Film. Its products are used by various industries, which includes textiles, pulp and paper, soaps and detergents, alumina, water treatment, petroleum, plastics, pharmaceuticals, agrochemicals, plant protection, refrigeration gases and epoxy. The Company exports its products to Europe, West Asia, Southeast Asia, Africa, Middle East/ Far East and South Asian Association for Regional Co-operation (SAARC) countries. It has an installed production capacity of 4,12,500 million tons per annum (MTPA) of Caustic Soda.
Gujarat Alkalies and Chemicals Limited Announces Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017, and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2017; Announces Production Results for the Year Ended March 31, 2017