Conference Call with GHCL Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Commodity Chemicals company GHCL announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net Revenue declined to Rs 840 crore as compared to Rs 1,141 crore in the corresponding quarter ended March 31, 2023. EBIDTA declined to Rs 201 crore as compared to Rs 370 crore in the corresponding quarter last year mainly due to lower realization. Net Profit (PAT) from continued operations declined to Rs 125 crore as against Rs 251 crore in the corresponding quarter last fiscal. FY24 Financial Highlights: Revenue declined by 24% to Rs 3,498 crore in FY24 as against Rs 4,584 crore in FY23 EBIDTA declined by 41% to Rs 899 crore in FY24 as against Rs 1,519 crore in FY23 Profit After Tax from continued operations declined by 27% to Rs 793 crore as against Rs 1,092 crore in FY23 Result PDF
Commodity chemicals company GHCL announced Q1FY24 results: Net revenue declined by 11% during Q1FY24 to Rs 1,029 crore as compared to Rs 1,153 crore in Q1FY23 EBIDTA declined by 15% to Rs 310 crore as compared to Rs 364 crore in the Q1FY23 Net profit excluding exceptional gain fell by 16% to Rs 207 crore as compared to Rs 246 crore in the Q1FY23 An exceptional gain of Rs 219 crore arising from the accounting treatment as per the scheme of demerger for the Textile business Net profit including this exceptional gain grew by 38% to Rs 426 crore as compared to Rs 310 crore in the Q1FY23 Commenting on the financial performance, R S Jalan, Managing Director, GHCL said, “We began FY24 with a resilient performance despite challenging market conditions aggravated by higher-than-expected imports of Soda Ash from Russia, Turkey and US. Additionally, this quarter witnessed subdued demand from various domestic end-user segments. However, we are optimistic about the long-term, especially due to anticipated growth in demand from environment-related sectors such as solar glass, lithium carbonate, and sodium bicarbonate for flue gas treatment. As we continue our focus on growth through continuous improvement, customer delight, innovation, and operational excellence, our strategic expansions and commitment to sustainable business practices will ensure value creation for our stakeholders going forward.” Result PDF