India-based leading chemical and textile company GHCL has posted Rs 104 crore profit in its fourth quarter of the current fiscal. Revenues have grown 12 per cent to Rs 821 crore compared to the revenue of Rs 734 crore in the same period previous fiscal. Revenues of the company’s inorganics chemicals division have grown to Rs 531 crore while those its home textiles business have increased to Rs 290 crore.
Favourable recovery trends across key end user industries combined with operational excellence steered momentum for the year and resulted in 73 per cent growth in profit before tax in Q4 FY 21. Plant utilization levels returned back to pre-COVID levels supported by a positive demand scenario, says RS Jalan, Managing Director.
Given the current visibility and a promising demand landscape, the company foresees better times that will help it realize its growth aspirations while focusing on shareholder value creation, he adds.