GHCL Limited – Summary of Financial Performance for Dec Qtr/9m 2007
Highlights

* Income from Operations for the quarter at Rs. 325.53 Crores as against Rs. 234.35 Crores reported in the Dec 06, is higher by 39%. Income from Operations for 9 M period ending Dec 2007 is recorded at Rs. 833.14 Crores as against Rs. 633.20 Crores in 9 M period ending Dec 2006, is higher by 32%.
o Textiles division revenue during the quarter accounts for 42% (Rs.126.48 crores) of the total business, with a growth of 66 % YoY.
o Textiles division revenue during the quarter (Dec 2007) strengthens its position with a growth of 28 % over the previous quarter (Sept 2007).
* EBIDTA for the quarter at Rs. 66.23 Crores as against Rs. 63.19 Crores reported in the Dec 2006, is higher by 5%. EBIDTA for 9 M period ending Dec 2007 is recorded at Rs. 189.92 Crores as against Rs. 177.53 Crores for the corresponding period, is higher by 7%.
* Profit After Tax for the quarter at Rs. 32.17 Crores as against Rs. 31.07 Crores reported in the Dec 2006, is higher by 4%. PAT for 9 M period ending Dec 2007 is recorded at Rs. 89.07 Crores against Rs. 86.83 Crores for the 9 M period ending Dec 2006, higher by 3%

Highlights – India Operations

§ The company set to launch its exclusive range home textiles retail chain stores in the country.

Overseas Operations

* GHCL consolidates Dan River operations, improved order book, led by strong marketing, outsourcing and HR initiatives. Has developed over 60 vendor relationships for the outsourcing from India, China, Pakistan, Mexico, Combodia and Turkey. Dan River increases its client base to over 900
* GHCL Romania is gaining preferred vendor status in Romania and has added 10 Marquee clients in the dense soda ash (glass area) namely SAINT GOBAIN, OWENS, GUARDIAN, STRIOM, P&G, signaling strong growth in automobiles, construction and FMCG.
* Capital Invest programs covering capacity enhancement, efficiency improvement in the Romanian Soda Ash Operations is progressing as scheduled, to increases overseas production capacity to 3,00,000 TPA

Results overview

Corresponding Quarters ended DECEMBER 2007 Vs December 2006:

Net Sales/ Income from operations increased by 39 % to Rs. 325.53 Crores from Rs. 234.35 Crores reported during the corresponding quarter.

The EBITDA in the present quarter increased 5 % to Rs. 66.23 Crores from Rs. 63.19 Crores.

The Profit After Tax has increased by 4 % in the present quarter to Rs. 32.17 Crores from Rs. 31.07 Crores reported in the quarter ended DECEMBER 2006.

EPS for the present quarter at Rs.3.12 (basic)

Business Mix:

Textiles division revenue during the quarter (Dec 2007) accounts for 42 % (Rs. 126.48 Cr.) of the total business, with a growth of 66% YoY.

Soda Ash revenue during the quarter (Dec 2007) accounted for 58% (Rs. 174.32 Cr.) of the total business

Sourced From: Mutual Public Relations

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