Gujarat Alkalies and Chemicals Ltd. (GACL) Continues to Excel in Achieving Highest Ever Sales Turnover, PBT and PAT

AHMEDABAD, India, February 7, 2018 /PRNewswire/ --

The Board of Directors of GACL in their meeting held at Gandhinagar on 6th February, 2018 has approved the financial results for the third quarter and nine months ended on 31st December, 2017.

GACL takes pride in announcing that it has continued to excel and achieve new milestones of highest ever Net Sales, Profit Before Tax and Profit After Tax for the third quarter as well as for nine months ended on 31st December, 2017.

For the quarter ended on 31st December 2017, the overall production growth achieved is 6.73% as against corresponding period of previous year. For the nine months ended on 31st December 2017, the overall production growth achieved is 2.90% as against corresponding period of previous year. During the third quarter ended on 31st December 2017, GACL achieved Net Sales of Rs. 611.74 crore (an increase of 28.39%) as against Rs. 476.46 crore in the corresponding period of previous year. During the nine months ended on 31st December, 2017, GACL achieved Net Sales of Rs. 1,733.24 crore (an increase of 14.76%) as against Rs. 1,510.29 crore in the corresponding period of previous year.

Profit Before Tax for the third quarter of Financial Year 2017-18 has soared to Rs. 154.11 crore (an increase of 143.34%) as against Rs. 63.33 crore in the corresponding period of previous year. Profit Before Tax for the nine months of Financial Year 2017-18 has also significantly improved to Rs. 430.70 crore (an increase of 48.70%) as against Rs. 289.65 crore in the corresponding period of previous year.

Profit After Tax for the third quarter of Financial Year 2017-18 has soared to Rs. 112.21 crore (an increase of 137.13%) as against Rs. 47.32 crore in the corresponding period of previous year. Profit After Tax for the nine months of Financial Year 2017-18 has also significantly improved to Rs. 313.96 crore (an increase of 42.06%) as against Rs. 221.00 crore in the corresponding period of previous year.

The annualised financial ratios based on performance of nine months of 2017-18 vis-à-vis FY 2016-17 are as under:
The approved Hydrazine Hydrate, New Hydrogen Peroxide, New Phosphoric Acid and New Chloromethane projects are progressing satisfactorily and are expected to be completed by the envisaged schedule in the next financial years. The 15MW solar power plant and Chloromethane upgradation and debottlenecking projects are under progress and are expected to commission during the current financial year.

About Gujarat Alkalies and Chemicals Ltd.:

Gujarat Alkalies and Chemicals Ltd. (GACL) was established in the year 1973 in Vadodara, Gujarat with a view to manufacture caustic soda and allied products. Today, by harping on cutting-edge technology, ground-breaking research and development, GACL has emerged as one of the largest manufacturers of caustic soda with about 14% share in the national market. Today, the company has installed production capacity of 4,29,050 MT per annum of caustic soda and spread over two complexes at Vadodara and Dahej in Gujarat.

For more information, please visit: http://www.gacl.com

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