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
Commodity Chemicals GHCL announced Q4FY23 & FY23 results: Q4FY23: Net Revenue grew by 8% to Rs 1,141 crore as compared to Rs 1,058 crore in Q4FY22 EBIDTA grew by 10% to Rs 370 crore as compared to Rs 338 crore in Q4FY22 Net Profit (PAT) grew by 25% to Rs 251 crore as against Rs 200 crore in Q4FY22 FY23: Revenue grew by 50% to Rs 4,584 crore in FY23 as against Rs 3,061 crore in FY22 EBIDTA grew by 106% to Rs 1,520 crore in FY23 as against Rs 737 crore in FY22 Profit After Tax grew by 159% to Rs 1,092 crore as against Rs 422 crore in FY22 Commenting on the financial performance, R S Jalan, MD, GHCL said “In the last quarter, the global Soda Ash demand-supply situation was by and large balanced. We did take a cut in the Soda ash prices last month mostly attributable to a dip in global energy prices, making it possible to pass on the benefits to our customers. Going forward, the outlook for the business continues to remain positive due to improvements in economic activity and demand increase for a wider set of applications like solar glass and lithium ion batteries. As we move into the next fiscal, we shall continue our focus on enhancing operational excellence, executing expansion projects and implementing growth initiatives focused on digitalization, sustainable transformation and value creation for our stakeholders”. Result PDF
Commodity chemicals firm GHCL announced Q3FY23 results: Standalone Q3FY23 vs Q3FY22: Net revenue grew by 28% to Rs 1,289 crore as compared to Rs 1,006 crore in the corresponding quarter last year. EBITDA grew by 50% to Rs 376 crore as compared to Rs 251 crore in the corresponding quarter last year. Net profit (PAT) grew by 62% to Rs 248 crore as against Rs 153 crore in the corresponding quarter last year. Business Segments Q3FY23 vs Q3FY22: Inorganics Chemicals division’s revenue grew by 38% to Rs 1,057 crore in Q3FY23 as compared to Rs 765 crore in the corresponding quarter in FY22. Textiles business revenue declined by 3% to Rs 233 crore in Q3FY23 as compared to Rs 241 crore in the corresponding quarter in FY22. Commenting on the financial performance, R S Jalan, Managing Director, GHCL, said, “We have reported a robust financial performance during the quarter under review despite a one-time production loss of 15k MT attributed to plant maintenance in October. The inorganic chemicals segment continued to perform well with a 38% increase in revenue mostly due to a positive pricing scenario and strong domestic demand, especially in the glass segments. We received the regulatory approval to enhance our production capacity from 11L MT to 12L MT, which will deliver operational and strategic benefits to the business. Soda Ash is an important raw material for various industries and enhancing production capacities in India will help the industry contribute towards India’s growth story and create an “Atmnirbhar Bharat". The textiles business did face some headwinds due to price and demand corrections. We believe that the business shall gain positive traction in the next 2-3 quarters as the business sentiments turn positive. We will continue our focus on various growth initiatives and sustainable business practices. We are positive that our experience and expertise will ensure industry leading value creation in the years to come.” Result PDF
Conference Call with GHCL Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Commodity chemical firm GHCL announced Q2FY23 results: Q2FY23 vs Q2FY22: Net Revenue grew by 73% during Q2FY23 to Rs.1389 crore as compared to Rs.805 crore in the corresponding quarter previous year EBIDTA grew by 159% to Rs.442 crore as compared to Rs. 171 crore in the Q2FY22 Net Profit grew by 212% to Rs.289 crore as compared to Rs. 93 crore in the Q2FY22 Business Segments (Q2FY23 vs Q2FY22): Inorganics Chemical division’s revenue grew by 98% to Rs.1130 crore in Q2FY23 as compared to Rs.572 crore in the Q2FY22 Textiles business revenue grew by 11% to Rs.260 crore in Q2FY23 as compared to Rs.233 crore in the Q2FY22 H1FY23 VS H1FY22 (Standalone Based): Net Revenue for H1FY23 grew by 84% to Rs. 2761 crore as compared to Rs. 1504 crore in the corresponding H1FY22 EBIDTA grew by 164% to Rs. 871 crore as compared to Rs. 330 crore in the corresponding H1FY22 Net Profit (PAT) grew by 254% to Rs. 628 crore as compared to Rs. 177 crore in the corresponding H1FY22. Result PDF