GHCL Ltd., posts productive results for Q3/9 months, FY 2008-09
31 Jan '09
3 min read
Financial Performance for the period April to December'08 The EBITDA margin for the business during the current year has improved from 22.6% to 24.4% and the overall EBITDA has increased from Rs.174 crore last year to Rs.225 crore this year i.e. 29% growth.
Profit from Operations (before exchange fluctuation) has increased from Rs.89 crore to Rs.113 crore i.e. an improvement of 27%.
We believe that going forward the Home Textile operations would show better performance in view of our major focus on the domestic market particularly the Retail Segment as well as our focus on European market where the margins are better.
We strongly feel that the Soda Ash segment would continue to perform quite strongly in the current year as well as the next year as the impact of significantly lower costs would be visible partly in Jan'09 and fully from March'09 onwards and the inventory correction by the user Industry is likely to be over soon.
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