GHCL announces Q4 FY21 Results

GHCL, India's leading Chemical & Textile Company, today announced its financial results for Q4 FY21.

Q4 FY21 VS Q4 FY20 (Standalone Performance)

- Revenue grown by 12%, Revenue for Quarter stood at Rs. 821 Crores as compared to Rs. 734 crores in the corresponding quarter last year.

- Robust EBIDTA growth of 21%, EBITDA for the Quarter stood at Rs. 195 Crores as compared to Rs. 161 crores in the corresponding quarter last year.

- Stout Net Profit (PAT) growth of 30%, Net Profit for the quarter stood at Rs. 104 Crores as against Rs. 80 crores in the corresponding quarter last fiscal.

Business Segments (Q4FY21 VS Q4FY20)

- Inorganics Chemicals division's revenue is Rs. 531 Crores in Q4 FY21 as compared to Rs. 519 crores in the corresponding quarter in FY20.

- Home Textiles business revenue is at Rs. 290 Crores in Q4FY 21 as compared to Rs. 214 crores in the corresponding quarter in FY20.

Commenting on the financial performance, Mr. R S Jalan, Managing Director, GHCL said, "We are glad to have concluded the year on a positive note despite unprecedented macro-economic challenges posed by CoVID-19 pandemic and related restrictions. Our teams demonstrated tremendous resilience while we navigated through this phase with agility and valor.

Favorable recovery trends across key end user industries combined with operational excellence steered the momentum for year, resulting in 12% gains in revenue and 73% growth in profit before tax in Q4 FY 21. Plant utilization levels returned back to pre-COVID levels supported by a positive demand scenario.

Given the current visibility and a promising demand landscape, we foresee better times for us going ahead helping us realize our growth aspirations while focusing on shareholder value creation."

Shares of GHCL LTD. was last trading in BSE at Rs.235.15 as compared to the previous close of Rs. 243.25. The total number of shares traded during the day was 32089 in over 924 trades.

The stock hit an intraday high of Rs. 249.5 and intraday low of 229.9. The net turnover during the day was Rs. 7777060.

Source : Equity Bulls

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