GOCL reports 9% increase in Q4 FY22 income to Rs 163cr

GOCL Corporation Limited has posted a 9% jump in its consolidated income for the fourth quarter of the financial year 2021–22 (Q4 FY22) at INR 163 crores, compared to INR 150 crores during the same period of the previous year.

Its consolidated income for the full year 2021-22 was INR 623 crores, an increase of 12% compared to INR 557 crores during 2020-21.

The chemicals business of the Hinduja Group said that its profit after tax (PAT) for Q4 FY22 was INR 143 crores. The profit after tax for the full year 2021-22 was INR 176 crores, as compared to INR 79 crores in 2020-21.

Pankaj Kumar — GOCL CEO said: “We are delighted with the overall performance of the organization amidst the challenging environment, it is a true testament to our culture, resilience, undivided focus on growth, precision and customer-centricity.

“The industry has witnessed an upsurge in raw material prices, and inflation causing supply-side pressures and project delays. We are constantly working towards expanding our portfolio to deliver more to the customer, witnessing the upward trend in input cost a focused approach has been optimized to ensure margins and growth are intact.”