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GHCL reaps benefits of restructuring
03
Nov '08
GHCL Ltd. has released results of second quarter and the company has posted a strong financial performance for the quarter ended September 2008.

Net Sales/Income from operations increased by 46 % to Rs. 336 Crores from Rs. 230 Crores reported in the corresponding quarter. For the half year ended it increased by 36 % to Rs. 635 crores.

The Profit from Operations in the present quarter increased 94 % to Rs. 56.54 crores from Rs. 29.18 Crores while it increased by 51 % to Rs. 121.49 Crores in the half year ended September 2008.

The Profit after Tax has increased by 3 % in the present quarter to Rs. 26.11 Crores from Rs. 25.36 Crores reported in the quarter ended SEPTEMBER 2007. For the half year period it stood at Rs. 64.13 Crores showing an increase of 13%. EPS for the quarter is at Rs. 2.71.

Commenting on the performance for the period ended September 2008, Mr. Sanjay Dalmia, Chairman, GHCL Limited, said: “We are going through a period of consolidation phase which would lead us to the desired objective of being a strong and vibrant company in the sphere we operate.”

GHCL Ltd.

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