GHCL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 03, 2024 at 05:28 am EST
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GHCL Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,973.3 million compared to INR 11,016.2 million a year ago. Revenue was INR 8,129.1 million compared to INR 11,073.4 million a year ago. Net income was INR 998.5 million compared to INR 2,522.2 million a year ago. Basic earnings per share from continuing operations was INR 10.5 compared to INR 26.58 a year ago. Diluted earnings per share from continuing operations was INR 10.47 compared to INR 26.58 a year ago. Basic earnings per share was INR 10.5 compared to INR 26.38 a year ago. Diluted earnings per share was INR 10.47 compared to INR 26.38 a year ago.
For the nine months, sales was INR 26,196.4 million compared to INR 34,262.2 million a year ago. Revenue was INR 26,588.1 million compared to INR 34,431.7 million a year ago. Net income was INR 6,690.2 million compared to INR 9,150.2 million a year ago. Basic earnings per share from continuing operations was INR 70.33 compared to INR 90.55 a year ago. Diluted earnings per share from continuing operations was INR 70.14 compared to INR 90.55 a year ago. Basic earnings per share was INR 70.33 compared to INR 95.78 a year ago. Diluted earnings per share was INR 70.14 compared to INR 95.78 a year ago.
GHCL Limited is an India-based producer of anhydrous sodium carbonate (soda ash). The Company manufactures soda ash, a raw chemical for detergents, glass and ceramic industries, and sodium bicarbonate (baking soda). In addition, the Company also manufactures refined baking soda, which is a raw material for industries like bakery, pharma, fire extinguisher manufacturing and cleaning agents. Its soda ash finds application in a variety of consumer products ranging, such as soap, detergents, glass and others. Its soda ash is advertised under the brand name LION and comes in two grades: Light and Dense. The Companyâs soda ash manufacturing unit is based at Sutrapada, Gujarat with installed capacity of approximately 12,00,000 megatons per annum (MTPA). In addition, the plant produces 70,000 MTPA of refined baking soda. The Company operates through a single segment, Inorganic chemicals, which includes manufacture of soda ash.
GHCL LIMITED 
