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31-Jul2017

GHCL shines on reporting 54% jump in Q1 net profit

GHCL is currently trading at Rs. 238.25, up by 7.95 points or 3.45% from its previous closing of Rs. 230.30 on the BSE.

The scrip opened at Rs. 238.00 and has touched a high and low of Rs. 239.95 and Rs. 231.45 respectively. So far 43055 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 298.80 on 20-Oct-2016 and a 52 week low of Rs. 205.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 241.45 and Rs. 227.30 respectively. The current market cap of the company is Rs. 2327.47 crore.

The promoters holding in the company stood at 18.93%, while institutions and non-institutions held 24.42% and 56.66% respectively.

GHCL has reported a jump of 53.52% in its net profit at Rs 157.86 crore for the quarter ended June 30, 2017, as compared to Rs 102.83 crore for the same quarter in the previous year. Total income of the company increased by 9.57% at Rs 804.13 crore for Q1FY18 as compared Rs 733.89 crore for the corresponding quarter previous year.

GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.


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