Gujarat Alkalis announces third quarter results

Dagur said, "The Net Sales remained at Rs 416.56 crore for the quarter ended on 31st December, 2012 due to market conditions during this quarter. It was at Rs 440.89 crore in the corresponding quarter of the previous year."

Net Sales for the nine months ended on 31st December, 2012 achieved at Rs 1,334.84 crore against Rs 1,276.10 crore in the corresponding period of the previous year despite competitive market conditions he stated.

The Profit Before Tax of third quarter is Rs 48.10 crore shows an increase of 33.02 per cent as compared with Rs 36.16 crore in the similar period of the previous year, which is mainly due to improvement in price realisations of some of the products.

The Profit After Tax for the quarter achieved at Rs 33.34 crore which also shows an increase of 28.53 per cent as compared with Rs 25.94 crore in the similar period of the previous year he claimed.

The Profit Before Tax for the nine months ended on 31st December, 2012 has increased by 41.52 per cent to Rs 215.42 crore as compared with Rs 152.22 crore in the corresponding period of previous year.

Similarly, the Profit After Tax for the said period also increased by 41.33 per cent to Rs 154.62 crore as compared with Rs 109.40 crore in the corresponding period of the previous year.

He also added that the annualised financial ratios improved at the end of the third quarter as compared to the year ended on 31st March, 2012.(i) Earning Per Share Rs.28.07 from Rs.20.92 (ii) Cash Earning per Share-Rs.59.91 from Rs.49.35 (iii) Return on Equity -11.93 per cent from .15per cent(iv) Debt Equity ratio-0.13 : 1 times from 0.20 : 1 times (v) Book value per Share- Rs.235.25 from Rs.213.83 (vi) interest Coverage Ratio-45.22 times from 19.44 times (vii) Debt Service Coverage Ratio-6.59 times from 2.65 times