APN News

GHCL announces Q2/H1 FY22 Results 40% growth Y-o-Y in PAT during the current quarter

New Delhi :  GHCL, India’s leading Chemical & Textile Company, today announced its financial results for Q2/H1 FY22.

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

 “We have demonstrated a robust performance during the quarter under review after navigating through the severe second wave of Covid-19 pandemic. Our performance was bolstered by steep economic recovery across the country validated by sequential uptick in demand cycles and positive pricing scenario. In addition, improved vaccination coverage and a growing sense of normalcy has led to enhanced consumption, especially June onwards.

Our Inorganic Chemicals segment continues to witness strong demand from downstream segments. There is a significant increase in energy and raw material costs. However, with favorable demand scenario we have been able to pass this increase to our customers. We remain on track to further cement our leadership position in Inorganic Chemicals through modular expansions and debottlenecking. That said, our focus on diversifying from the soda-ash business and expanding our product basket remains unabated.

Spinning continues to witness robust growth, with yarn and cotton prices at historic highs, and improving spreads. The home textile business also saw sharp jump in revenues, led by higher sales to US and other export markets. We remain focused on adding new value-added products in this segment to boost our performance.

Going forward, we are confident of generating strong cash flows with healthy balance sheet while delivering sustained earnings performance.”

Financial Performance (Standalone performance)

Q2 FY22 VS Q2 FY21

Business Segments (Q2FY22 VS Q2FY21)

Financial Performance (Half Yearly)

H1FY22 VS H1FY21 (Standalone Based)

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