GHCL income up 19%, Operating Profit up 46%, PAT up 45%

GHCL has declared the second quarter results for year 2006. For quarter ended June 30, 2006 GHCL income is up 19% at Rs.165.69 Crores, operating profit up by 46% at Rs.64.84 Crores and net profit up 45% at Rs.31.04 Crores.

The diluted EPS for Q1 is at Rs.3.12 compared to last year´s Rs.2.26.

Commenting on the performance for Q2 FY2006 ended June 2006, Mr.Sanjay Dalmia, chairman GHCL Ltd said: "We have had an excellent performance driven by the improved efficiencies in the soda ash´s production arena duly supported by the increase in the prices of it and volume growth.

We are looking forward to a strong growth in the coming quarters on the back of successful integration of our overseas-acquired capacities and markets both in the area of textiles and soda ash.

We are sensing an attractive business opportunity with global reach and our strenght to replicate the Indian success of being the lowest cost producer of soda ash to overseas locations as well.

In the home textiles, GHCL now possesses the ideal combination of being a low cost strong manufacturing base (India) with a large established marketing platforms (Rosebys and Dan River) to put the company on the fast track growth.

Given the strength of our operations and encouraging levels of customer demand, we remain positive on the performance out look going forward."

Source : Equity Bulls

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