Gulshan Sugars & Chemicals Q3 PAT up 267% to Rs 1.63cr

172 Investors following Gulshan Sugars. Share this News with them.

0

Like this story, share it with millions of investors on M3

Gulshan Sugars & Chemicals Q3 PAT up 267% to Rs 1.63cr

Gulshan Sugars and Chemicals Ltd Q3 PAT up 267% to Rs 1.63 crores over corresponding quarter

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Gulshan Sugars locked at 20% lower circuit Sweet gains for Gulshan Sugars Gulshan Sugars lines up Rs 37cr capex plan ALSO READ See latest News about Gulshan Sugars See previous management interviews See what other Experts & Brokerages are saying about Gulshan Sugars BSE | NSE 01/01/70 Are Mutual Funds betting on ?

Gulshan Sugars & Chemicals Ltd. (GSCL) one of the largest manufacturer of Calcium Carbonate in the country announced the results of the 3rd quarter of the financial year 2006-07.  The total Revenues of the company during the quarter (Q3) was higher at Rs. 14.33 crores as compared to Rs. 12.45 crores in the 2nd quarter (Q2). The revenue during the corresponding quarter (Q3) of the previous year was Rs.11.22 crores.

The Net Earning Before Interest and Depreciation (EBIDT) for the quarter (Q3) was higher at Rs. 2.82 crores as against Rs. 1.62 crores  for the corresponding quarter of the previous year thereby showing an increase of over 74% on QOY basis. The Net Profit After Tax (PAT) for this quarter was higher at 267% at Rs. 1.63 crores as against Rs. 0.61 crores for the corresponding quarter. The Earning Per Share (EPS) for the quarter (Q3) increased by more than 151% to Rs. 2.46 as against Rs. 0.98 for the Q2 based on weighted average of equity shares.

In the 9 months period, the total Revenues increased to Rs. 42.1 crores as against Rs. 36.85 crores for the corresponding period.  The Net Profit After Tax (PAT) was higher at Rs. 3.64 crores by over 85% as against the PAT of Rs. 1.96 crores for the corresponding period.

GSCL has recently completed the follow on public issue of equity shares in Q3. It is presently expanding its capacity by installing production facilities by 20000 MT for the manufacture of Ground Calcium Carbonate (GCC) to cater specifically to the paper industry and to some extent the PVC industry alongwith an additional 3 MW captive power generation unit, at the existing premises of the company. The implementation of the project is as per schedule. The company has started the test marketing of the product which has evoked a very encouraging response.

The company also plans to set up the facilities to manufacture 'Sorbitol in Northern part of the country to meet the growing demand of the product from the new units being set up in Uttaranchal and Himachal Pradesh to avail locational advantages. Further the company is in advanced stage of negotiations for setting up  'Onsite plant' with ITC group to produce PCC for their exclusive demands for paper making in the range of 25000-40000 MT per annum.

Sourced From: Adfactors Public Relations Pvt Ltd