GACL PAT up 40 % at Rs.308.10 crore ; pays 50% dividend 2016-17


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Turnover
: Gujarat Alkalies and Chemicals Limited (GACL) achieved sales turnover of Rs.2,020.25 crore (previous year Rs.1,955.97 crore).

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Sales turnover

NEW DELHI, MAY 27 : Gujarat Alkalies and Chemicals Limited (GACL) achieved sales turnover of Rs.2,020.25 crore (previous year Rs.1,955.97 crore)..

Performance Highlights

FY’17

  Although the margins were under pressure throughout the year thecompany for the year ended March 31, 2017 could achieve profit before tax of Rs.381.78 crore (previous year Rs.262.70 crore) and profit after tax(PAT) of Rs.308.10 crore (previous year Rs.219.89 crore) , up 40 per cent by going in for cost reduction thus offering its quality products at very competitive rates.

 

Dividend

The board has recommended to the shareholders a dividend of 50 per cent on equity Shares of Rs.10 each. i.e. Rs.5 per share, for their approval.

In the year 2016-17 the company achieved the total production of 15,50,572 mt (increase of 80,375 mt i.e. by 5.47 per cent) of all the products as against 14,70,197mt in the previous year.

 

Projects commissioned

The company has commissioned various projects including a 14.70mw wind mill project at village Kuchhdi, Dist. : Porbandar, Gujarat and Potassium Hydroxide Expansion project at Vadodara Complex during the financial year 2016-17. The total capacity of wind mills set up by the Company now stands at 171.45 mw.

 

Highlight

For the fourth quarter ended on March 31, 2017 the sales turnover was Rs.509.96 crore (previous year Rs.543.97 crore) and profit before tax was Rs.92.13 crore as against Rs.115.96 crore in the corresponding quarter of the previous year.

Topline and bottomline

The topline and bottomline in the fourth quarter were affected mainly due to chlorine constraints and demand and price impacts

Provisioning

 The year end Ind-AS provisioning and adjustments on impairment of assets, etc. are also the causes for this.

Profit after tax

The profit after tax for the fourth quarter ended on March 31, 2017 was Rs.87.10 crore as against Rs.115.40 crore in the corresponding quarter of the previous year.

EPS

As on March 31, 2017, the earning per share (EPS) was Rs.41.95 as against Rs.29.94 for the previous year.

 

RoE

The return on equity (RoE) stands at 9.31 per cent as against 7.65 per cent for the previous year.

Major responsibility

Debt : equity ratio

As on March 31, 2017 the debt :equity ratio stands at 0.09 : 1 as against 0.08 : 1 for the previous year.