GOCL consolidated turnover for Q-3 increases by 6.5% to Rs. 134 crores
The Profit after Tax is Rs. 5.05 crores. The Standalone Turnover was Rs. 27 crores ( Rs. 27 crores ) and Profit After Tax of Rs. 5.06 crores ( Rs. 5.58 crores ).
Overall sales of the Energetics and Explosives Division during the quarter have increased by 26% to Rs. 26 crores and the turnover for the nine months period was Rs. 64 crores, an increase of 30%.
The increase in revenue during the third quarter was on account of improved domestic and export sales of detonators, cartridged products and detonating fuse, registering an all round growth.
IDL Explosives Limited (IDLEL), a wholly owned subsidiary of the Company has achieved a turnover of Rs. 311 crores up to the third quarter ended December, 2016 an increase of 7%, and PBT of Rs. 17 crores – a substantial increase over the corresponding period of the previous year.
The Mining and Infrastructure Division achieved service income of Rs 6 crores as against Rs. 17 crores in last year due to adverse market conditions and regulatory environment in the metal mining sector.
Image:GOCL website
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