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GHCL's Q2 net profit up by 79%

Revenue grew 1.85% to Rs 703.14 crore during Q2 of current financial year as against Rs 690.34 crore last year

BS Reporter  |  Ahmedabad 

Lower utility costs and better capacity utilisation has resulted in Gujarat Heavy Chemicals Limited (GHCL) registering a 79.09 per cent rise in its standalone net profit for the second quarter of financial year 2016-17. The company has reported a net profit of Rs 90.28 crore at quarter ended September 30, 2016 as against Rs 50.41 crore in corresponding period of fiscal 2015-16. "During the present quarter, we had a good financial performance on the back of improved efficiency, lower utility costs and better capacity utilization leading to strong growth in the bottom lines for us. ...

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GHCL's Q2 net profit up by 79%

Revenue grew 1.85% to Rs 703.14 crore during Q2 of current financial year as against Rs 690.34 crore last year

Revenue grew 1.85% to Rs 703.14 crore during Q2 of current financial year as against Rs 690.34 crore last year Lower utility costs and better capacity utilisation has resulted in Gujarat Heavy Chemicals Limited (GHCL) registering a 79.09 per cent rise in its standalone net profit for the second quarter of financial year 2016-17. The company has reported a net profit of Rs 90.28 crore at quarter ended September 30, 2016 as against Rs 50.41 crore in corresponding period of fiscal 2015-16. "During the present quarter, we had a good financial performance on the back of improved efficiency, lower utility costs and better capacity utilization leading to strong growth in the bottom lines for us. ... image
Business Standard
177 22

GHCL's Q2 net profit up by 79%

Revenue grew 1.85% to Rs 703.14 crore during Q2 of current financial year as against Rs 690.34 crore last year

Lower utility costs and better capacity utilisation has resulted in Gujarat Heavy Chemicals Limited (GHCL) registering a 79.09 per cent rise in its standalone net profit for the second quarter of financial year 2016-17. The company has reported a net profit of Rs 90.28 crore at quarter ended September 30, 2016 as against Rs 50.41 crore in corresponding period of fiscal 2015-16. "During the present quarter, we had a good financial performance on the back of improved efficiency, lower utility costs and better capacity utilization leading to strong growth in the bottom lines for us. ...

image
Business Standard
177 22