Business Standard

GHCL Q3 net profit drops 12 pc to Rs 71 cr

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Press Trust of India New Delhi
GHCL Ltd today posted 11.63 per cent drop in standalone net profit to Rs 71.17 crore in the third quarter of financial year 2017-18.

The company had clocked a net profit of Rs 80.54 crore in the same period last year, it said in a regulatory filing.

Net income increased to Rs 738.13 crore during October- December quarter of 2017-18, from Rs 662.18 crore in the same period last year.

However, the company expenses remained higher at Rs 633.17 crore against Rs 552.86 crore in the year-ago period.

The Ahmedabad-based firm is engaged in inorganic chemcials and home textiles.

Shares of the company fell 3.20 per cent to Rs 313.20 apiece on BSE.

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First Published: Jan 31 2018 | 3:40 PM IST

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