GHCL's net profit grows 79% to Rs 90 crore

Chemical and textile firm GHCL today reported 79.09 per cent rise in net profit at Rs 90.28 crore for the July-September quarter.
The company had reported a net profit of Rs 50.41 crore in the corresponding quarter of 2015.
Its income from operations during the period grew by 1.85 per cent to Rs 703.14 crore as against Rs 690.34 crore in the year-ago period.
GHCL's inorganics chemicals division reported a marginal decline to Rs 404.67 crore in the second quarter as compared to Rs 413.34 crore in the year-ago period, whereas its home textiles business grew by 7.75 per cent to Rs 298.47 crore.

"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.
"We continue to witness strong growth in our home textiles business and consolidation in the inorganic chemicals business going forward," GHCL Managing Director RS Jalan said.