GHCL reports 79% jump in Q2 net profit

GHCL has reported results for second quarter ended September 30, 2016.

The company has reported 79.09% rise in its net profit at Rs 90.28 crore for Q2FY17 as compared to Rs 50.41 crore for the same quarter in the previous year. Total income from operation of the company increased by 1.85% at Rs 703.14 crore for the quarter under review as compared Rs 690.34 crore for the corresponding quarter previous year. 

GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.