State-run Gujarat Alkalies and Chemicals Ltd (GACL) has reported profit after tax (PAT) of Rs 48 crore for the quarter ended September 2013.
The profit has declined by around 27 per cent from Rs 66 crore reported in the corresponding quarter last year.
Company's net sales for the quarter stood at Rs 461 crore as against Rs 480 crore reported in the same period last year, company's managing director, M S Dagur stated in a statement.
The fall in profits is attributed to weak market conditions and impact of erosion in price realizations for Caustic Soda Group, Chloromethanes Group and Sodium Cyanide Group products in particular and general increase in input costs, Dagur stated.
For the half-yearly period, GACL's net profit stood at Rs 107 crore on the net sales of Rs 875 crore as compared with Rs 167 crore on net sales of Rs 918 crore in the corresponding period last year.
Company's earnings per share stood at Rs 23.18 per share. GACL shares ended positive on the Bombay Stock Exchange (BSE) on Friday at Rs 148.75 marginally up from its previous close.
