Commodity chemicals company GHCL declares Q4FY22 result: PAT grows by 126% in Q4FY22 Revenue up by 77% in Q4 FY22 Q4 FY22 VS Q4 FY21 (Standalone Performance): Revenue grown by 77%, Revenue for the quarter stood at Rs. 1,279 crores as compared to Rs. 723 crores in the corresponding quarter last year Robust EBIDTA growth of 113%, EBITDA for the quarter stood at Rs. 411 crores as compared to Rs. 193 crores in the corresponding quarter last year Net Profit (PAT) growth of 126%, Net Profit for the quarter stood at Rs. 244 Crores as against Rs. 108 crores in the corresponding quarter last fiscal FY 22 VS FY21 (Standalone Performance): Revenue grew by 52% to Rs. 3,789 Crores in FY22 as against Rs. 2,498 crores in FY21 EBIDTA grew by 64% to Rs. 992 Crores in FY22 as against Rs. 604 crores in FY21 Profit After Tax grows 87% to Rs. 574 Crores as against Rs. 307 crores in FY21 Commenting on the financial performance, Mr.RS Jalan, Managing Director, GHCL said, "We have ended the year on a strong note, delivering a topline growth of 77% and healthy EBITDA margins of 32.1 % during the year. Net profits for the year are at a record growth of 126%. We have also successfully achieved the key strategic milestone of the divestiture of Home Textiles to Inda Count Industries as per plan. The demand supply dynamic in Soda Ash and inclined costs have allowed industry meaningful and much needed price appreciation. The firmness is supported by resilient consumption trends domestically. Despite rising costs of key inputs, GHCL has been able to maintain a margin momentum because of its focus on efficiency and agility. We continue to monitor the real-time situation and are flexible to adjusting our response in the light of further inflationary pressures. Our Spinning business delivered noticeable gains in sales, driven by the higher contribution from the value-added products and better pricing trends. With consistent investment in capacities and capabilities, we have demonstrated a record performance in both the business, and expect the same focus to endure. " Result PDF
Commodity Chemicals company GHCL declares Q3FY22 result: GHCL announces Q3/FY22 Results PAT up by 48% (Standalone) Revenue up by 42% (Standalone) Net Revenue from continued operations for Q3FY22 grew by 42% to Rs 1,006 crores as compared to Rs 709 crores in the corresponding quarter ended Dec 31, 2020 EBIDTA from continued operations grew by 38% to Rs 251 crores as compared to Rs 182 crores in the corresponding quarter last year Net Profit (PAT) including discontinued operations grew by 48% to Rs 163 crores as against Rs 111 crores in the corresponding quarter last fiscal Commenting on the financial performance, Mr. R S Jalan, Managing Director, GHCL said, “Following easing of lockdown restrictions and improving macro trends, we witnessed enhanced traction across industries, almost back to pre-pandemic levels. Moreover, we observed sequential improvement during the quarter supported by favorable demand supply dynamics backed by positive pricing scenario. In the Inorganic Chemical segment, we reported solid performance momentum with 12% volume growth in Soda Ash in Q3 of FY22 along with healthy realisation gains backed by strong demand from key end user industries. Spinning segment continued to do well, driven by higher demand off take and firm yarn prices. Our focus on value-added products is yielding profitability gains on a higher base. On a strategic note, we have proposed to divest our home textile business, while retaining the highly profitable spinning business. The divestment proceeds will be prudently utilized across growth initiatives outlined in both Chemicals and Spinning Businesses. On the other hand, GHCL is continuing with its objective of having separate entities for each business verticals with a limited change that instead of entire Textiles Business, only Spinning Division of GHCL is now proposed to be demerged to the GHCL Textiles Limited. Overall, we are very well poised to capitalize on the emerging opportunities across our businesses.” Result PDF
Conference Call with GHCL Management and Analysts on the divestment of its Home Textiles Business. Listen to the full transcript. Management in attendance: MD R S Jalan