GHCL profit rises 8 percent to Rs 154.83 crore in September quarter

Chemical steadfast GHCL Ltd has posted an 8 per cent summation successful its consolidated nett net to Rs 154.83 crore for the 4th ended September. Its nett net stood astatine Rs 142.84 crore successful the year-ago period.

Total income declined to Rs 810.23 crore successful the July-September play of this fiscal from Rs 816.65 crore successful the corresponding play of the preceding year, according to a regulatory filing connected Tuesday.

GHCL Limited is engaged successful the manufacture of soda ash (Anhydrous Sodium Carbonate). Through a demerger, it has separated its spinning concern into GHCL Textiles Ltd.

"We are gladsome to study a resilient Q2 performance, with a wide absorption connected operating excellence. Realizations stayed tempered during the 4th contempt immoderate summation successful nett imports of soda ash," R S Jalan, Managing Director of GHCL, said.

Going forward, globally, the pricing whitethorn stay range-bound arsenic manufacture challenges person not yet afloat resolved and imaginable risks persist owed to the ongoing geopolitical situations, helium added.

"Domestic prospects successful Soda Ash look affirmative owed to steps taken by the authorities to promote accumulation of star glass, including the 10 per cent import work levied connected imports.

Our show going guardant volition beryllium supported by planned enlargement initiatives astir vacuum brackish and bromine, which volition commencement contributing from adjacent twelvemonth onwards," Jalan said.

Overall, helium said, the institution remains focused connected driving a highly businesslike concern that prioritises profitable maturation successful a constrained environment.