Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

GHCL announces Q4, FY20 Results

Posted On: 2020-05-21 13:31:11


GHCL, India's leading Chemical & Textile Company announced its financial results for the fourth quarter and the financial year ended March 31, 2020.

Commenting on the financial performance, Mr. R S Jalan, Managing Director, GHCL said "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.

At GHCL we complied with all the regulations notified by the Government from time to time. We had taken the initiative of "Work from home" at our offices and the production facilities also remained closed for a major period of time thus impacting production and sales.

We received continuous support from our stakeholders including Government agencies and supply chain partners. The nation is passing through a tough time today however; we believe that this disruption will create opportunities too. We assure our stakeholders that we will be agile and focused towards these opportunities."

4FY20 VS Q4FY19 (Standalone Performance)

- Net Revenue for Q4FY20 is Rs. 734 crores as compared to Rs. 915 crores of Q4 FY19. The drop in revenue is equally attributable to both Chemical and Textiles which is largely due to softer pricing and COVID impact resulting in lower volumes.

- EBIDTA for the quarter is Rs. 161 crores as compared to Rs. 241 crores in the corresponding previous quarter.

- In the Inorganic Chemicals the realsiation is down by about 11% compared to Q4FY19. However, EBITDA is down by 4% balance has been recovered in cost and operational improvements. Due to COVID-19 the production and sales during the month of March was also impacted.

- In Textiles due to the COVID situation operations were impacted and One Time Cost of Rs. 30 crores has been considered on a prudent basis on account of potential markdowns.

- Net Profit (PAT) at Rs. 80 crores as against Rs.119 crores in the corresponding quarter previous year.

FY20 VS FY19 Standalone Basis

- Net Revenue for the year ended March 2020 is down by 3% to Rs. 3272 crores compared to Rs.3385 crores in the previous financial year.

- Earnings before Interest, Depreciation and Taxation (EBIDTA) for the quarter is Rs. 763 crores as against Rs.784 crores in the previous financial year 2019, with margins maintained at the same level.

- Net Profit (PAT) grew by 13% to Rs 407 crores from Rs. 361 crores in FY19.

Business Segments (FY20 VS FY19)

- In the Inorganics Chemicals division, Revenue for the year is at Rs. 2198 crores as compared to Rs. 2182 crores in FY19.

- Home Textiles business recorded a Revenue of Rs. 1074 crores in FY20 as compared to Rs. 1202 crores in FY19 mainly due to softer yarn pricing and COVID impact during the year.

Shares of GHCL LTD. was last trading in BSE at Rs.98.35 as compared to the previous close of Rs. 97.05. The total number of shares traded during the day was 12301 in over 486 trades.

The stock hit an intraday high of Rs. 101.25 and intraday low of 97.4. The net turnover during the day was Rs. 1214804.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Let's Do It India Network in collaboration with Finolex Pipes

Newgen Unveils new AI and ML-based Document Classification Service

Mittal Lifestyle Ltd Posts Excellent Results for Year Ended March 2020

IOL Chemicals & Pharmaceuticals Ltd board to consider Q4, FY20 results on June 12, 2020

Safari Industries India Ltd Q4 FY20 consolidated PAT at Rs. 4.68 crore

Jindal Stainless Limited export orders rebound in May-June period

IndusInd Bank launches India's first mobile app based facility for opening current accounts in a paperless manner

TCS Recognized as a Leader in IDC MarketScape for Business and Industrial IoT Consulting and System Integration Services

Cyient Appoints Meenu Bagla as Vice President and Chief Marketing Officer

Vinati Organics Ltd board to consider Q4, FY20 results, final dividend on June 13, 2020

Maruti Suzuki introduces 'Health and Hygiene' range of Genuine Accessories

DCB Bank announces revised External Benchmark Linked Rate from June 5, 2020

Neogen Chemicals adds another marquee investor to its list of shareholders as promoters divest 11.26 lakh shares

Indiabulls Ventures Ltd allots 2,69,09,089 shares

Dishman Carbogen Amcis Ltd Q4 consolidated PAT at Rs. 71.99 crore

Reliance Industries' rights issue receives overwhelming response with subscription of 1.59 times

IOB updates Moody's rating

Moody's downgrades rating of Powergrid

Oriental Hotels Ltd board recommends final dividend of Rs. 0.20 for FY20

IBM and Persistent Systems to accelerate IBM Cloud Pak Deployment and Core IT Modernization for Enterprises

Duncan Engineering Ltd Q4 loss at Rs. 0.80 crore

De Nora India Ltd Q4 PAT at Rs. 2.20 crore

DISA India Ltd Q4 consolidated loss at Rs. 1.63 crore

DCM Shriram Ltd consolidated Q4 FY2020 PAT at Rs. 207.38 crore

Yash Chemex Ltd posts consolidated PAT of Rs. 1.05 crore in Q4 FY20

MAS Financial Services Ltd reports Rs. 35.67 crore consolidated PAT in Q4 FY20

DCM Shriram Ltd approves investment of Rs. 42.40 crores

DISA India Limited board approves final dividend of Rs. 2.50

Vesuvius India Ltd Q1 CY20 PAT drops to Rs. 18.65 crore

Aurobindo Pharma Ltd Q4 consolidated PAT climbs to Rs. 998.57 crore

Cholamandalam Investment and Finance Company Ltd Q4 consolidated PAT slides to Rs. 42.45 crore

JSPL records a 28% YoY rise in monthly Steel sales volumes with the revival of domestic demand

Moody's downgrade HUDCO's rating

Moody's revise credit rating of GAIL India Ltd

Zensar supports Destination: Home in the US for COVID-19 relief initiatives

Gennex Laboratories Limited receives WHO GMP certificate

EESL and GAIL sign an MoU for Trigeneration projects

CRISIL reaffirms long-term bank facilities rating of TNPL

Sinclairs Hotels Ltd fixes June 18, 2020 as record date for stock split

Religare Enterprises Becomes External Debt-free

Moddys downgrades rating of HPCL

CRISIL reaffirms credit rating of Linc Pen & Plastics Ltd

IEX electricity market trades 6005 MU volume in May'20 marking a 47% YoY increase

Transgene Biotek Ltd to license TrabiORAL to GVK Bio

Steel Strips Wheels Ltd bags export orders for 8,000 wheels

Bharti Infratel Ltd appoints Ms. Pooja Jain as CFO

Moodys downgrades rating of Oil India Ltd

AIL Dixon Technologies Private Limited to start manufacturing of Diagnostic Testing Machines for Molbio

Saregama and Facebook strike global licensing deals

Amara Raja Group announces innovative Performance-linked Annual Remuneration during COVID-19 Crisis







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

disclaimer copyright © 2005 - 2019