GHCL, India’s leading Chemical & Textile Company, posted its revenue declined to 3 per cent to ₹3,272 crore in fiscal 2020 that ended on March 31, 2020 compared to revenue of ₹3,385 crore in fiscal 2019. Net profit for the fiscal jumped 13 per cent to ₹407 crore (FY19: ₹361 crore). Revenues in fourth quarter (Q4) FY20 were ₹734 crore (Q4 FY19: ₹915 crore).
GHCL, India's leading Chemical & Textile Company, posted its revenue declined to 3 per cent to ₹3,272 crore in fiscal 2020 that ended on March 31, 2020 compared to revenue of ₹3,385 crore in fiscal 2019. Net profit for the fiscal jumped 13 per cent to ₹407 crore (FY19: ₹361 crore). Revenues in fourth quarter (Q4) FY20 were ₹734 crore (Q4 FY19: ₹915 crore).#
“The current Covid-19 pandemic has caused major disruptions in various business segments. The situation accentuated the need for a nationwide lockdown to comprehend the spread of the virus causing significant economic slowdown across the world,”
R S Jalan, managing director, GHCL, said in a press release.
EBITDA (earnings before interest, taxes, depreciation and amortisation) for the quarter decreased in Q4 FY19 to ₹161 crore (Q1 FY19: ₹241 crore ). Net Profit during the quarter were ₹80 crore (₹119 crore). EBIDTA for full FY20 dropped to ₹763 crore (FY19: ₹784 crore).
Revenues of Inorganics Chemicals division for the full year were ₹2,198 crore (FY19: ₹2,182 crore). Home textiles division reported revenue of ₹1,074 crore (FY19: ₹1,202 crore).
ALCHEMPro News Desk (JL)
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