GACL Q4 net surges by 82%

Net sales for the quarter stood at Rs 459.47 cr against Rs 422.12 cr in the similar quarter of the previous year

Gujarat Alkalies and Chemicals Ltd (GACL) has shown sharp rise in the net profit for the fourth quarter ended March 2013. Company's net profits surged by 82.6 per cent to Rs 80.73 as compared to Rs 44.21 crore in the corresponding quarter last year.

Net sales for the quarter stood at Rs 459.47 crore against Rs 422.12 crore in the similar quarter of the previous year despite competitive market conditions and depressed economic scenario, the company informed in a statement issued after the results announcement on Thursday. "The company has achieved highest ever net sales of Rs 1,794.31 crore for the year ended on March 2013 against Rs 1,698.22 crore previous year," said M S Dagur, MD, GACL.

The net profit for the fiscal 2012-13 was Rs 235.35 crore, up 53.21 per cent against Rs 153.61 crore the previous year.