GHCL Reports Q3 FY25 Results: Profit After Tax at ₹168.33 Crore

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Ahmedabad, January 31, 2025 – GHCL Limited (NSE: GHCL | BSE: 500171) announced its unaudited financial results for the quarter ended December 31, 2024, following the company’s 211th Board Meeting.

Key Financial Highlights (Standalone)

Metric (₹ in Crore)Q3 FY25Q2 FY25Q3 FY249M FY259M FY24FY24 (Audited)
Revenue from Operations778.73792.79798.452,402.012,623.163,446.54
Other Income28.5817.3314.4864.0835.4651.85
Total Income807.31810.12812.932,466.092,658.623,498.39
Total Expenses580.13613.89679.921,839.462,056.322,726.57
EBITDA------
Profit Before Tax (PBT)196.23227.18133.01626.63602.30771.82
Profit After Tax (PAT)168.33154.7399.89473.61668.91793.55
Earnings Per Share (EPS) – Basic (₹)16.2717.6910.5049.7670.3283.39
YoY Performance:
  • Revenue from operations declined 2.46% compared to Q3 FY24.
  • Profit After Tax (PAT) surged by 68.5% YoY, reaching ₹168.33 crore.
  • EPS increased to ₹16.27, up from ₹10.50 in Q3 FY24.

Segment Performance

GHCL operates in the chemical industry, with soda ash and other inorganic chemicals as its core business.
  • Cost of materials consumed: ₹236.58 crore, down from ₹272.78 crore in Q3 FY24.
  • Power, fuel, and water expenses: ₹156.75 crore, lower than ₹173.09 crore in Q3 FY24.
  • Finance costs: ₹4.24 crore, down from ₹5.74 crore in Q3 FY24.
  • Depreciation and amortization: ₹27.95 crore, a slight increase from ₹25.85 crore in Q3 FY24.
The company continues to optimize its cost structure, reflected in improved profitability despite revenue contraction.

Corporate Announcements

  • Lignite Mining Lease: The Gujarat government reduced the lease period from 30 years to 20 years, prompting GHCL to seek an extension.
  • Supreme Court Ruling on Mineral Taxation: The ruling allows state governments to levy taxes on mineral rights, with potential financial implications from April 2026.

Strategic Outlook

Despite flat revenue growth, GHCL demonstrated strong cost management and profitability improvements. The company remains focused on:
  • Strengthening its chemical business.
  • Maintaining a cost-competitive mining strategy.
  • Navigating regulatory changes in mineral taxation.
Market Positioning: With ₹2,874.32 crore in other equity and a robust profit trajectory, GHCL remains financially strong, reinforcing investor confidence.

Management Commentary

R.S. Jalan, Managing Director, GHCL Limited, stated:
“We are pleased with our profitability growth, despite a challenging operating environment. Our focus on operational efficiency, cost optimization, and strategic investments will continue to drive value for stakeholders.”

Conclusion

GHCL’s Q3 FY25 results highlight resilience and profitability growth, despite macroeconomic challenges. With ongoing regulatory developments, investors will watch for the company’s response to mineral taxation policies and mining lease extensions.
 
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