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Gujarat Alkalies and Chemicals Ltd (GACL) has registered an increase of 27 per cent in sales and 35 per cent in profit after tax in the third quarter of 2011-12, ended December, compared with the corresponding period last fiscal.
While the company’s sales were Rs 440.89 crore (Rs 344.04 crore), its PAT stood at Rs 25.94 crore (Rs 19.19 crore), Mr M.S. Dagur, Managing Director, said here.
The profit before tax was Rs 36.16 crore, an increase of 97.60 per cent compared with Rs 18.30 crore in the same period of the previous year, which was mainly due to improvement in sales volume and price realisations for various products.
The company’s investments worth Rs 2,600 crore on various projects, already announced, are progressing as scheduled and are expected to go on stream by 2014-15.
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