GHCL surges 10% on healthy March quarter results

The company posted 44% YoY growth in net profit at Rs 119 crore in Q4FY19 against Rs 82 crore in a year ago quarter.

GHCL surged 10 per cent to Rs 265 in early morning trade on the BSE on the back of heavy volumes after the company reported a healthy 44 per cent year-on-year (YoY) growth in net profit at Rs 119 crore in the March quarter (Q4FY19). The commodity chemicals company had registered a profit of Rs 82 crore in the year-ago quarter.

Net revenue for the quarter grew by 26 per cent to Rs 915 crore as compared to Rs 726 crore in the corresponding quarter ended March 31, 2018.

Ebitda (earnings before interest, tax, depreciation and amortization) margin