Gujarat Alkalies - PAT for Q1 FY 2018-19 has Significantly Improved to Rs. 183.17 Crore (an Increase of 92.08%)

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AHMEDABAD, India, August 6, 2018/PRNewswire/ -- Rs. 95.36 Crore Reported in the Corresponding Period of Previous Year

GACL Continues to Excel in Achieving Highest Ever Sales Turnover, PBT and PAT

The Board of Directors of GACL in their meeting held at Gandhinagar on 3rd August, 2018 has approved the financial results for the first quarter ended on 30th June, 2018.

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 first quarter ended on 30th June, 2018.

For the quarter ended on 30th June, 2018, the overall production growth of major revenue earning products has improved as against corresponding period of previous year.

During the first quarter ended on 30th June, 2018, GACL achieved Net Sales of Rs. 744.06 crore (an increase of 39.79%) as against Rs. 532.27 crore in the corresponding period of previous year.

Profit Before Tax for the first quarter of Financial Year 2018-19 has soared to Rs. 259.37 crore (an increase of 102.36%) as against Rs. 128.17 crore in the corresponding period of previous year.

Profit After Tax for the first quarter of Financial Year 2018-19 has also significantly improved to Rs. 183.17 crore (an increase of 92.08%) as against Rs. 95.36 crore in the corresponding period of previous year.

The annualised financial ratios based on performance of three months of 2018-19 vis-à-vis F. Y. 2017-18 are as under :





Three Months of

Sr. No. Financial Ratios Unit F.Y.2018-19 (Annualised) F. Y. 2017-18

i) Earning Per Share Rs. / Share 99.76 72.85

ii) Cash Earning per Share Rs. / Share 159.12 119.50

iii) Price Earning ratio Times 5.33 9.59

iv) Gross Profit Ratio Percentage 39.79 36.91

v) Interest Coverage Ratio Times 75.15 59.91

During the quarter the Company has commissioned 10 MW solar power plant at Charanka, Dist. : Patan, Gujarat.

The Company is in advance stage of implementing various projects on hand.

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

Media Contact : Pritesh Trivedi [email protected] +91-9925941100 Manager - PR ONE Advertising & Communication Services Ltd.

Source: Gujarat Alkalies and Chemicals Ltd. PRNewswire. DL DL