Oil Marketing & Distribution company GOCL Corporation announced Q4FY24 & FY24 results: GOCL reported a consolidated income of Rs 949 crore for the fiscal year 2024, and net profit after tax for the fiscal year 2024 stood at Rs 48 crore. The company achieved an income of Rs 237 crore in Q4FY24, and net profit after tax clocked at Rs 5 crore The annual income of Energetics was Rs 113 crore, and the Q4 income of Energetics stood at Rs 29 crore For the Ecopolis project in Bengaluru, which currently has 14.54 lakh square feet of commercial space, the company is actively seeking ways to generate income. The company, through its overseas subsidiary HGHL, made an investment of USD 24 million in 57 Whitehall Investment SARL, Luxembourg. Result PDF
Oil marketing & distribution company GOCL Corporation announced Q1FY24 results: Company’s revenue stood at Rs 259 crore Continues on its digitisation journey, upgrading systems and processes. The company reported consolidated revenue of Rs 259 crore and PAT of Rs 12 crore. Commenting on the quarter's outcome, Pankaj Kumar, MD & CEO of GOCL Corporation, remarked, "The fluctuations of this quarter underscore the dynamic nature of our business landscape. Rather than being discouraged by these results, we're motivated to refine our strategies and adjust as needed. We have embarked on a host of initiatives to align our various business functions toward a unified and shared objective. These efforts are aimed at streamlining processes, enhancing collaboration, and collectively driving the company's long-term success. Our dedication to innovation, customer-centered principles, and sustained growth remains steadfast." Result PDF
Oil Marketing & Distribution company GOCL Corporation announced Q4FY23 & FY23 results: FY23 consolidated revenues at an all-time high of Rs 1,410 crore; against Rs 623 crore in FY22 Q4FY23 revenue at Rs 302 crore higher by 85% over Q4FY22 Standalone Revenue from operations increased by 44% Declares a dividend of Rs 5 per share (250%) and a special dividend of Rs 5 per share (250%) for FY23 totaling Rs 10 per share (500%) Commenting on the performance, Pankaj Kumar, MD & CEO of GOCL Corporation, said - “The year's performance is a testament to our unwavering commitment to delivering enhanced solutions for our customers and consolidating our position as technology leader. Despite challenging market conditions, including rising raw material prices and inflationary pressures, we have expanded our portfolio and have maintained the growth momentum. We remain steadfast in our pursuit of excellence and are determined to seize new opportunities. Result PDF
Oil marketing & distribution firm GOCL Corporation announced Q3FY23 results: Q3FY23 vs Q3FY22: GOCL reports an exceptional performance with a growth of 119% increase in income in Q3FY23, with consolidated income at Rs 302 crore, against Rs 138 crore in Q3FY22. GOCL registers 18% increase in standalone income in Q3FY23, at Rs 60 crore, against Rs 51 crore in Q3FY22. Pankaj Kumar, Managing Director and CEO at GOCL Corp Ltd. said, “The strong quarter performance was result of a slew of initiatives undertaken by the organization. We have rerecorded a benchmark output both operationally and financially on the backdrop of robust demand in all the segments that we operate. We are placing additional emphasis towards enhancing the efficiency and efficacy of our operations.” Result PDF
Oil marketing & distribution firm GOCL Corporation announced Q2FY23 results: Q2FY23: GOCL reports a remarkable growth of 118% increase in income in Q2FY23, with consolidated income of Rs 319 crore, against Rs 146 crore in Q2FY22 GOCL registers 162% increase in Standalone income in Q2FY23 at Rs 136 crores, against Rs 52 crore in Q2FY22 Result PDF
Oil marketing company GOCL Corporation announced Q1FY23 results: The company reported a growth of 177%in Consolidated Income at Rs. 487 crores against Rs. 176 crores Reported a 580% increase in the Standalone Income of Rs. 272 crores against Rs. 40 crores during the corresponding quarter of the previous year. Commenting on the performance of the Company during the quarter, Pankaj Kumar, CEO/Whole-Time Director at GOCL Corporation Limited said, “Over the next few years, our focus will be on diversifying the products portfolio and increase the market share in established business. Business challenges like softening demand, rising inputs costs and volatility in input prices are slowly getting normalised as can be seen from recovery in EBITDA margins. We believe that by improving the current product offering and stepping into new verticals will provide additional impetus to the balance sheet.” Result PDF
Marketing and Distribution company GOCL Corporation announced Q4FY22 results: GOCL reports 12% increase in income in FY22, with Consolidated Income of Rs. 623 crores, against Rs. 557 crores in FY21. GOCL Consolidated Income for Q4 FY22 - Rs. 163 crores, an increase of 9% over Q4 FY21. GOCL declares a Final Dividend of Rs.3 per share (150%) for FY 2021-22 making the total dividend for FY 21-22 to 250 %. The PAT for the current quarter was Rs.143 crores. The PAT for the full year was Rs. 176 crores as compared to Rs. 79 crores last year. Commenting on the performance, Mr Pankaj Kumar, CEO of GOCL Corp. Ltd, said, “We are delighted with the overall performance of the organization amidst the challenging environment, it is a true testament to our culture, resilience, undivided focus on growth, precision and customercentricity. The industry has witnessed an upsurge in raw material prices, and inflation causing supply-side pressures and project delays. We are constantly working towards expanding our portfolio to deliver more to the customer, witnessing the upward trend in input cost a focused approach has been optimized to ensure margins and growth are intact.” Result PDF
Oil Marketing & Distribution company GOCL Corporation declares Q3FY22 result: GOCL reports 13% year-on-year increase in income within first 9 months of FY22, with Consolidated Income of Rs. 459 crores against Rs. 407 crores during same period of previous year. GOCL Consolidated Income for Q3 2021-22 - Rs. 138 crores, an increase of 4% over a similar period last year The Consolidated Income for Q3 of financial year 2021–22 was Rs. 138 crores, as compared to Rs. 133 crores during Q3 of the previous year, an increase of 4%. The PAT for the current quarter was Rs.7 crores. The PAT for 9 months was Rs. 33 crores as compared to Rs. 51 crores last year, which was essentially due to the substantial increase in the price of Ammonium Nitrate (AN), which is the principal raw material for explosives. Result PDF
Highlights: GOCL Consolidated Income for Q2 2021-22 - Rs. 146 crores, an increase of 10% as compared to Rs. 132 crores during the Q2 of the previous year. In H1 the turnover was Rs.321 cr against Rs.274 cr of the previous year, an increase of 17% YoY. The PAT for H1 was Rs.26 cr as compared to Rs.36 cr last year, this was basically due to the 40% increase in Ammonium nitrate prices which is the principal raw material for explosives. Result PDF