GHCL FY20: revenue of ₹3,272 cr; net profit jumps 13%

21 May '20

2 min read

Pic: GHCL/ Rekoop

GHCL, India’s leading Chemical & Textile Company, posted its revenue declined to 3 per cent to ₹3,272 crore in fiscal 2020 that ended on March 31, 2020 compared to revenue of ₹3,385 crore in fiscal 2019. Net profit for the fiscal jumped 13 per cent to ₹407 crore (FY19: ₹361 crore). Revenues in fourth quarter (Q4) FY20 were ₹734 crore (Q4 FY19: ₹915 crore).

“The current Covid-19 pandemic has caused major disruptions in various business segments. The situation accentuated the need for a nationwide lockdown to comprehend the spread of the virus causing significant economic slowdown across the world,” R S Jalan, managing director, GHCL, said in a press release.

GHCL reported that the drop in revenue was attributable to both Chemical and Textiles which is largely due to softer pricing and Covid impact resulting in lower volumes.

EBITDA (earnings before interest, taxes, depreciation and amortisation) for the quarter decreased in Q4 FY19 to ₹161 crore (Q1 FY19: ₹241 crore ). Net Profit during the quarter were ₹80 crore (₹119 crore). EBIDTA for full FY20 dropped to ₹763 crore (FY19: ₹784 crore).

Revenues of Inorganics Chemicals division for the full year were ₹2,198 crore (FY19: ₹2,182 crore). Home textiles division reported revenue of ₹1,074 crore (FY19: ₹1,202 crore).

Fibre2Fashion News Desk (JL)

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