Home / Knowledge / News / Textiles / Net profit of GACL declines in Q1
Net profit of GACL declines in Q1
03
Aug '09
The Board of Directors of GACL in its meeting held at Gandhinagar on 27th July, 2009 has approved the financial results for the first quarter ended on 30th June, 2009.

Shri Guruprasad Mohapatra, IAS, Managing Director of the Company stated that Company has achieved Net Sales Rs.328.58 crore for the quarter ended on 30th June, 2009 as against Rs.343.97 crore in the corresponding period of previous year despite the on going economic slowdown.

The Profit Before Tax of first quarter has been achieved Rs.50.29 crore as against Rs.71.00 crore in the similar period of the previous year which is mainly due to impact of worldwide recession and slowdown in Indian economy. The Profit After Tax for the first quarter achieved to Rs.37.91 crore as against Rs.54.46 crore in the similar period of the previous year.

Shri Mohapatra said that during this climate of economic slowdown, as a sign of improvement in the first quarter of 2009-10, GACL could achieve Profit Before Tax of Rs.50.29 crore over Profit Before Tax of Rs.32.67 crore of Q-4 of 2008-09 (53.93% improvement). Similarly, the Profit After Tax is Rs.37.91 crore in the first quarter of 2009-10 as against Rs.21.58 crore in the Q-4 of 2008- 09 (75.67% improvement).

He also added that the financial ratios improved at the end of the first quarter as compared to the year ended on 31st March, 2009 :
i) Price Earning ratio – Rs.4.87 from Rs.2.26
ii) Debt Equity ratio – 0.15 : 1 from 0.21 : 1 and
iii) Book value per Share - Rs.169.64 from Rs.164.50

Shri Mohapatra further informed that during the current financial year the Company plans to commission additional 100TPD Flaker Unit, additional 50 TPD Caustic Soda by debottlenecking, so as to further improve upon the top line and bottom line of the Company.

The Company's announced projects viz., 90 MW captive power project, 600 TPD Chlor-Alkali project, Hydrazine project, Hydrogen Peroxide, Polyols and Phenol projects involving an investment of about Rs.2,600 crore are progressing as scheduled and are expected to go on stream by FY 2012. The Joint Venture Projects of the Company with Dow Chemicals for chloromethanes and for Phenol group with GNFC/GSFC are progressing well.

Besides the above, the Company has identified new products like Calcium Chloride, Bleaching Powder and Toluene based chemicals to be added to improve its top line by out -sourcing through contract manufacturing.

Gujarat Alkalies & Chemicals Ltd


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search