GHCL reports 10.58% rise in its Q1 net profit

GHCL has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has rose 10.58% at Rs 47.64 crore as compared to Rs 43.08 crore for the corresponding quarter last year. Its income from operation has increased by 18.92% at Rs 405.42 crore for the quarter under review from Rs 340.92 crore for the same quarter last year.

GHCL has recommended dividend Rs 2.00 per share of 20% on the paid up capital for the financial year ended March 31, 2011.