VADODARA,  India, Aug. 5, 2022 /PRNewswire/ --  The Board of Directors of Gujarat Alkalies and Chemicals Limited (GACL) at its Meeting held at Gandhinagar on 4^th August 2022 has approved the financial results for the first quarter ended 30^th June 2022. Despite aggressive competition and the volatile market conditions prevailing during the quarter ended 30^th June 2022, the Company could achieve the Sales Turnover of Rs. 1,106.62 Crores as against Rs.701.88 Crores, the Sales Turnover during the corresponding quarter of the previous year.

Profit Before Tax (PBT) for the first quarter of Financial Year 2022-23 stands at Rs.336.26 Crores as against Rs.93.12 Crores, PBT pertaining to the corresponding quarter of the previous year.

Profit After Tax (PAT) for the first quarter of Financial Year 2022-23 stands at Rs.222.07 Crores as against Rs.63.50 Crores, PAT for the corresponding quarter of the previous year.                        

The annualised financial ratios based on the performance of the three months of F.Y.2022-23 vis-à-vis F. Y. 2021-22 are as under:

About GACL:

Gujarat Alkalies and Chemicals Limited (GACL) was established in the year 1973 in Vadodara, Gujarat to manufacture Caustic Soda and allied products. Promoted by the Government of Gujarat, by harping on cutting-edge technology, groundbreaking research and development, and through strategic diversification, GACL has emerged as one of the largest manufacturers of caustic soda with around 12% share in domestic caustic soda market. From an initial capacity of 37,425 TPA caustic soda, the organization has enhanced its capacity to 4,30,000 TPA and the facilities are spread over 2 complexes at Vadodara and Dahej. From its two facilities, GACL now offers 36 products. GACL is also the first state promoted enterprise to adopt renewable wind energy to fuel its progress. The Organisation has a current total installed Wind Power capacity of 171.45 MW and 35 MW Solar Power Project for its captive use, which cater more than 25% of its energy requirements. For more information about GACL visit:  www.gacl.com