Gujarat Alkalies and Chemicals (GUJALKALI) Q2 23/24 earnings summary

Executive summary

• Q2 FY24 revenue from operations was Rs 91,281 lakh; standalone profit after tax was Rs 1,033 lakh, while consolidated results recorded a Rs 1,837 lakh loss after tax.

• H1 FY24 standalone loss after tax was Rs 2,314 lakh; consolidated loss after tax was Rs 7,553 lakh, including a Rs 5,239 lakh share of JV losses.

Financial highlights

• Standalone Q2 revenue was Rs 91,281 lakh vs Rs 97,130 lakh YoY; H1 revenue was Rs 1,88,411 lakh vs Rs 2,25,559 lakh.

• Standalone Q2 PBT was Rs 1,025 lakh vs Rs 18,567 lakh YoY; H1 PBT was a loss of Rs 2,322 lakh vs profit of Rs 52,193 lakh.

• Consolidated Q2 PBT was a loss of Rs 1,845 lakh vs profit of Rs 11,842 lakh YoY; H1 PBT was a loss of Rs 7,561 lakh vs profit of Rs 42,348 lakh.

• Other income was Rs 7,103 lakh in Q2 and Rs 8,283 lakh in H1; Q2 included Rs 4,102.24 lakh of dividend income.

Segment performance

• Operations were reported as one segment: Chemicals.

• Consolidated results included a 60% equity JV, GACL-NALCO Alkalies and Chemicals Pvt. Ltd.; its loss share was Rs 2,870 lakh in Q2 and Rs 5,239 lakh in H1.