Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

GOCL Corporation Ltd posts Q2 PAT of Rs. 5.06 crores

Posted On: 2019-11-07 21:38:46

GOCL Corporation Limited, a Hinduja Group Company, has reported a Q2 Consolidated Income of Rs. 119 crores. The net profit for Q2 was Rs. 5.06 crores.

On standalone basis, the total income for Q2 was Rs. 29.88 crores as compared to Rs. 25.78 crores in the corresponding quarter of the previous year. However, the profit for the Q2 was lower at Rs. 0.45 crores, mainly on account of lower product prices through tenders.

Division wise performance and highlights are as under:


In Q2, the Energetics Division ended with a turnover of Rs. 25.74 crores as against Rs. 20.05 crores, registering a growth of 28%, on account of increase in volumes of domestic and export sales.

Production of initiation systems consisting of detonators and cords were increased to cater to market requirements.

The wholly owned subsidiary, IDL Explosives Limited ( IDLEL ), reported Sales of Rs.94.70 crores as compared to Rs. 86.05 crores in the same quarter of the previous year, registering a QoQ increase of 10% across all bulk explosives and packaged explosives manufactured by the subsidiary. The Profit After Tax of IDEL for the quarter was better at Rs. 2.35 crores against Rs. 2.19 crores in the same quarter of the previous year.

Coal India and Singareni Collieries had negative growth in coal production which is reflected in the lower sales to them. However, with the Governments increased focus on infrastructure and highways development, IDLEL has increased its turnover in this sector in the quarter.

Currently, the Company along with IDLEL has Rs. 426 crores worth of orders on hand from domestic and export customers.

To cater to the increasing demand, licenses have been received in IDLEL for enhancement of capacities at 4 more locations by 59,600 tonnes of bulk explosives, which are being operationalised.


Ecopolis at Bengaluru

'Ecopolis' mixed-use commercial project, is a joint development project of the Company with Hinduja Realty Ventures Ltd. Project is located in the growth corridor of Bangalore, North Bangalore. The 38.15 acres techpark comprises of SEZ and commercial office space, which will be constructed in phases.

Two phases of the project have been completed. The Phase 1 consisting of built up area of 14.54 lakhs sqft and saleable area of 7.64 lakhs sqft excluding MLCP has been completed. 73465 sqft. has already been occupied since October 2018. Phase 2 consisting of constructed area of 10.06 lakhs sqft and saleable area of 7.34 lakhs sqft will be ready for fit out in Q4 2019. In the meantime, construction of the 66/11 KV electric sub-station for the park is in full swing and will be completed in Q4 2019. The cafeteria and tea point along with ATM is already functional.

Integrated Township Project @ Kukatpally, Hyderabad

The redesigned Master plan for the Phase-1 development of 100-acre integrated mixed use township is in the final stages. Also the Developer is in parallel, working with the statutory bodies for the approval process. This 100 acre integrated mixed use township would comprise of IT / ITeS office space, retail, educational institution, hotel, hospital and residential apartments. The land parcel is strategically located in Kukatpally which is very easily accessible to CBD locations ( Jubilee Hill ), to the developed IT/ITEs hubs ( Hitec City and Gachibowli ) and NH ( Mumbai Highway ) with large IT work force residing in the nearby localities.

Some of the approvals have already been received.


Following the combination of Houghton International Inc with Quaker Chemicals to form Quaker Houghton, the Company is a beneficial holder of 427,395 shares of common stock and an adjusted cash consideration of USD 12.2 million. Of this, an escrow amount of around USD 3.2 million has been made. The attributable investment value for the Company as at September 30, 2019 is INR 566 crores.

Shares of GOCL Corporation Ltd was last trading in BSE at Rs.291.55 as compared to the previous close of Rs. 287. The total number of shares traded during the day was 4875 in over 285 trades.

The stock hit an intraday high of Rs. 293.6 and intraday low of 277. The net turnover during the day was Rs. 1399209.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

ITC Ltd forms subsidiary ITC IndiVision Limited

Celent Recognizes Majesco with XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report

Sadbhav Engineering Ltd reports Rs. 886.63 crore PAT in Q4 FY20

NLC India Ltd's project in Andaman commissioned

Swarnsarita Gems Ltd Q4 consolidated PAT at Rs. 0.26 crore

PNB Housing Finance Ltd reworks business plan for FY2020-21

Arihant Capital Markets Ltd posts Rs. 2.18 crore consolidated PAT in Q4 FY20

Inducto Steel Ltd Q4 FY20 net profit at Rs. 0.52 crore

Dai-Ichi Karkaria Limited enters into agreement for sale of land

Sun Pharma launches 'Thank you Doctor' campaign

Reliance and bp launch 'Jio-bp' partnership

Arihant Capital Markets Ltd Board approves Dividend for FY20

HPL Electric & Power Ltd Q4 FY20 consolidated PAT drops to Rs. 2.51 crore

HPL Electric & Power Limited board recommends final dividend of Rs. 0.15

TCS board declares interim dividend of Rs. 5 for FY2020-21

TCS Q1FY21 consolidated PAT lower at Rs. 7008 crore

Kabra Extrusiontechnik Ltd posts consolidated PAT of Rs. 0.74 crore in Q4

HCC FY20 Revenue at Rs. 3,676 Crore; EBITDA margin at 12.7%

Jaguar Land Rover Reports Q1 Fiscal 2020/21 Retail Sales

Muthoot Capital Services Limited completed transaction of Rs. 100.89 crores through securitization of portfolio

Vessel Seamec Gallant's contract extended for 1 year

W H Brady & Co. Ltd. Q4 FY20 consolidated loss at Rs. 0.24 crore

Arvind Fashions Ltd reports loss of Rs. 204.33 crore in Q4 FY2020

Vedanta readies for post-Covid economic recovery, strengthens its Advisory Board by appointing former Secretary, GoI and ex-SAIL Chief

Arvind Fashions Ltd signs agreement for sale of Flying Machine business

Ind-Ra affirms rating of Arvind SmartSpaces Limited

ALANKIT Ltd enters into Business Correspondent Agreement with IDBI Bank

Hexaware Launches COCO-Unified Teams Bot for Improved Employee Experiences & Seamless Return to Workplaces

Zensar featured in ISG's 2020 Digital Case Studies Book

Britannia Industries Ltd board to approve Q1 results on July 17, 2020

Flipkart Group and Arvind Fashions Strengthen Partnership

SBI Life Insurance Company Ltd board to consider Q1 results on July 21, 2020

BHEL successfully commissions World's first Solar PV Plant for Rail Traction application

Praj strides into the next frontier of Bioeconomy

Hitachi ABB Power Grids India wins INR 120 crore order for Indian Railways electrification

Karur Vysya Bank partners with Tata Motors to offer car loans at attractive terms

IIFL Finance Ltd allots 2000 NCDs

YES Bank files RHP for FPO

Linc Pen and Plastics Ltd update on FY21

Strides receives USFDA approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules

ICICI Prudential Life Insurance Company Ltd board to approve 1st quarter FY21 results on July 21, 2020

Sharika Enterprises Ltd bags order from BHEL

Swelect Energy Systems Limited board recommends final dividend of Rs. 0.75

SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443/-

Shoppers Stop Limited opens new store at Phoenix Palassio - Lucknow

PI Industries Ltd closes QIP, fixes price as Rs. 1470

YES Bank has sold 2.66% stake in CG Power & Industrial Solutions Limited

NMDC's excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Swelect Energy Systems Ltd Q4 consolidated loss at Rs. 14.87 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019