State-run Gujarat Alkalies and Chemicals Ltd (GACL) net profit for the third quarter ended December 2014 fell by 26 per cent to ₹25.92 crore from ₹35.22 crore of the corresponding period last year. Net sales fell by 10.5 per cent to ₹455.20 crore (₹508.94 crore). The company attributed the drop in profits and revenues to the rise in supplies of imported caustic soda lye. Net sales for the nine months ended December 2014 stood at ₹1,444.21 crore, up 4.37 per cent (₹1,383.68 crore).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.