| Revenue growth | Revenue declined 3% YoY to ₹798 crore due to soft demand. |
|---|---|
| Margins | Margins expanded to 29.1% but expected to moderate as costs rise. |
| Demand visibility | Soft near-term demand; long-term optimism from solar glass segment growth. |
| Management confidence | Cautious; repeatedly warned that high Q1 margins are not sustainable. |
Growth
Revenue fell 3% YoY to ₹798 Cr; EBITDA margins spiked to 29.1% from 27.3% YoY due to inventory gains.
Outlook
Vacuum salt and Bromine projects starting Q2 FY27; ₹140-150 Cr total capex planned for FY27.
Risks
Global oversupply from China/US, collapsing US-Iran ceasefire impacting energy costs, and significant land acquisition delays for Greenfield projects.
Last quarter's promises, checked
Delivered
- Guided Q1 FY27 commissioning for Bromine/Salt → Delivered Q1 commissioning (first leg) (= BEAT)
- Guided 55% dense soda ash mix → Delivered 55% mix (= BEAT)
- Guided ₹415 Cr shareholder reward → Delivered ₹415 Cr (dividend + buyback) (= BEAT)
Partly delivered
- Guided Greenfield project timeline → Delayed by land acquisition (= PARTIAL)
Missed
- Guided FY27 revenue of ₹120 Cr from new projects → Delivered ₹0 (pushed to Q2) (= MISS)
Earnings Call Transcript filed with BSE, NSE: GHCL. Summary written with AI assistance from the document.
GHCL Ltd: key numbers
- Share price
- ₹395.05
- Market cap
- ₹3,640 Cr
- Revenue (annual)
- ₹3,064 Cr
- Net profit (annual)
- ₹478.8 Cr
- P/E (TTM)
- 6.9×Sector 37.2×
- Promoter holding
- 19.83%-0.04% QoQ
- FII holding
- 22.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from GHCL Ltd
All →GHCL Bags New Order from Commissioner of Geology and Mining, Government of Gujarat
GHCL Limited has been declared the "Preferred Bidder" for a limestone mine in Gujarat's Kadaya Block, securing rights for a 6.8797-hectare area.
- From
- Commissioner of Geology and Mining, Government of Gujarat
- limestone mineral reserve
- 567337.0 Metric Tonne
GHCL Bags ₹17.59 Cr Order from Commissioner of Geology and Mining, Government of Gujarat
GHCL Limited has been declared the 'Preferred Bidder' for a limestone composite licence in Gujarat, involving a consideration of ₹17.59 Crore.
- Value
- ₹17.59 Cr
- From
- Commissioner of Geology and Mining, Government of Gujarat
- Execution
- 45 days (for performance security submission)
- limestone mineral reserve
- 567337.0 Metric Tonnes
GHCL Results Correction
GHCL replied to NSE's query explaining consolidated results were not filed after its WOS was closed. The company resubmitted standalone Q1 FY27 results in machine-readable form.
GHCL Product Launch
GHCL Ltd has launched Vacuum Salt (Sodium Chloride) for domestic and international food-grade markets. The new product leverages surplus energy at its existing Soda Ash plant.
GHCL Production Started
GHCL Limited commenced commercial production of vacuum salt at its Sutrapada plant on August 31, 2026. The new unit has an annual capacity of 1.7 lakh MT.
GHCL Legal & Regulatory
GHCL Limited won an order from the National Green Tribunal (NGT), which dismissed three appeals challenging Environmental and Forest Clearances for its Soda Ash project.