Commodity Chemicals firm GHCL Announced Q1FY23 Result :
- Net Revenue grew by 96% during Q1 FY23 to Rs. 1371 Crores as compared to Rs. 699 crores in the corresponding quarter of previous year
- EBIDTA grew by 169% to Rs. 429 Crores as compared to Rs. 159 crores in the Q1 FY22
- Net Profit grew by 300% to Rs. 339 Crores as compared to Rs. 85 crores in the Q1 FY22
Commenting on the financial performance, Mr. R S Jalan, Managing Director, GHCL said, “In the first quarter of FY23, demand for our products continued to stay strong delivering a Top line growth of 96%, while EBITDA improved by 169% and PAT recorded a growth by 3x. Going forward, we will continue our focus on improving customer experience, operational effectiveness, financial viability and profitability. We are on track with the demerger and are well poised to keep delivering on our commitment to create value for all our stakeholders”.