On a consolidated basis, the net profit of Gujarat Alkalies & Chemicals dropped 8.12 per cent to Rs 818 after the net profit declined 18.8 per cent to Rs 60.54 crore in the second quarter of FY23 from Rs 74.57 crore posted in the second quarter of FY22. Revenue from operations jumped 36.5 per cent to Rs 1,127.26 crore in the second quarter of FY23 as against Rs 825.76 crore registered in the second quarter of FY22. PBT stood at Rs 118.42 crore, up 4.4 per cent year on year in the second quarter of FY23.

Total expenses jumped at 31.4 per cent on a yearly basis to Rs 963.53 crore in the second quarter of FY23. The cost of materials consumed stood at Rs 398.82 crore, up 21.8 per cent year on year and power, fuel, and other utility cost was Rs 276.88, up 70.3 per cent, while employees’ benefit expenses were at Rs 62.14, down 15.6 per cent year on year.

The company has to engage in the business of industrial chemicals and is the largest producer of caustic soda in India.