GACL Achieves highest ever Q-1 Net Sales Turnover

GACL

03 Aug 2017

Gandhinagar, Thursday, the 3rd August, 2017: The Board of Directors of GACL in their meeting held at Gandhinagar on 3rd August, 2017 have approved the financial results for the first quarter ended on 30th June, 2017. GACL takes pride in announcing that it has achieved highest ever Net Sales, Profit Before Tax and Profit After Tax for the first quarter ended on 30th June, 2017.

For the first quarter ended on 30th June, 2017, the overall production growth was 2.77% as against corresponding period of previous year.

During the quarter that ended on 30th June, 2017 GACL achieved Net Sales of Rs.532.27 crore (an increase of 3.28%) as against Rs.515.38 crore in the corresponding period of previous year.

Profit Before Tax for the first quarter of Financial Year 2017-18 significantly improved to Rs.128.17 crore (increased by 14.46%) as against Rs.111.98 crore in the corresponding period of previous year.
 
Profit After Tax for the first quarter of Financial Year 2017-18 soared to Rs.95.36 crore (increased by 10.55%) as against Rs.86.26 crore in the corresponding period of previous year. 

The installation of 15MW solar power is under progress and the Company is confident to commission the same as per schedule during the current financial year.

The annualised financial ratios based on performance of first Quarter vis-à-vis F. Y. 2016-17 are as under : 

Sr. No. Financial Ratios Unit Q-1 F. Y. 2017-18 (Annualised) F. Y. 2016-17
i) Earning Per Share Rs. / Share 51.96 41.95
ii) Cash Earning per Share Rs. / Share 86.00 67.09
iii) Price Earning ratio Times 7.45 9.72
iv) Return on Equity Percentage 11.12 9.31
v) Debt Equity Ratio Times 0.09 0.09
vi) Gross Profit Ratio Percentage 30.43 25.02
vii) Interest Coverage Ratio Times 39.55 39.39

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