Gujarat Alkalies and Chemicals Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 06:49 am EST
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Gujarat Alkalies and Chemicals Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total income from operations of INR 5,423.6 million against INR 5,225.1 million a year ago. Profit from operations before other income, finance cost & exceptional items of INR 575.1 million, profit from ordinary activities before tax of INR 633.3 million, net profit from ordinary activities after tax of INR 4732 million or INR 6.44 per basic and diluted share against profit from operations before other income, finance cost & exceptional items of INR 217.0 million, profit from ordinary activities before tax of INR 274.4 million and net profit from ordinary activities after tax of INR 708.5 million or INR 1.96 per basic and diluted share for the same period a year ago.
For the nine months, the company reported net income from operations of INR 17,129.2 million against INR 15,957.0 million a year ago. Profit from operations before other income, finance cost & exceptional items of INR 2,588.2 million, profit from ordinary activities before tax of INR 2,896.5 million and net profit from ordinary activities after tax of INR 455.2 million or INR 30.09 per basic and diluted share against profit from operations before other income, finance cost & exceptional items of INR 1,195.3 million, profit from ordinary activities before tax of INR 1,467.4 million and net profit from ordinary activities after tax of INR 1,044.9 million or INR 14.23 diluted per share for the same period a year ago.
Gujarat Alkalies and Chemicals Limited is a multi-product chemical manufacturing company. The Company is engaged in manufacturing various chemical products, such as Caustic Soda Lye, Caustic Soda Flakes, Caustic Soda Prills, Chloromethanes, Caustic Potash Flakes, Potassium Hydroxide, Potassium Carbonate, Chlorine Gas/Liquid, Hydrochloric Acid, Phosphoric Acid, Hydrogen Peroxide, Aluminum Chloride, Poly Aluminum Chloride, Sodium Chlorate and Poly Aluminum Chloride Awareness Film. Its products are used by various industries, which includes textiles, pulp and paper, soaps and detergents, alumina, water treatment, petroleum, plastics, pharmaceuticals, agrochemicals, plant protection, refrigeration gases and epoxy. The Company exports its products to Europe, West Asia, Southeast Asia, Africa, Middle East/ Far East and South Asian Association for Regional Co-operation (SAARC) countries. It has an installed production capacity of 4,12,500 million tons per annum (MTPA) of Caustic Soda.