Gujarat Alkalies and Chemicals (GUJALKALI) Q4 23/24 earnings summary

Executive summary

• FY24 swung to losses: standalone net loss ₹13,224 lakh and consolidated net loss ₹23,684 lakh, versus profits of ₹57,570 lakh and ₹40,962 lakh, respectively, in FY23.

• The board recommended a special final dividend of ₹13.85 per share, totaling ₹10,171.01 lakh.

Financial highlights

• FY24 revenue from operations was ₹3,80,663 lakh, down from ₹4,51,650 lakh in FY23; Q4 revenue was ₹1,00,162 lakh versus ₹1,13,812 lakh YoY.

• Standalone Q4 net loss was ₹2,124 lakh versus net profit of ₹11,189 lakh YoY; FY24 net loss was ₹13,224 lakh versus net profit of ₹57,570 lakh.

• Consolidated Q4 net loss was ₹4,619 lakh versus net profit of ₹7,104 lakh YoY; FY24 net loss was ₹23,684 lakh versus net profit of ₹40,962 lakh.

• Other income increased to ₹9,007 lakh in FY24 from ₹4,215 lakh in FY23, including dividend income of ₹4,563 lakh versus ₹1,880 lakh.

Segment performance

• Operations were classified as a single Chemicals segment under Ind AS 108.

• The consolidated results include the share of loss from the joint venture: ₹10,460 lakh for FY24 and ₹2,495 lakh for Q4.