GACL's net profits jumped to Rs 46.40 crore for the first quarter of the current fiscal from Rs 19.01 crore registered last year, showing a steep rise of 144 per cent on year-on-year basis. M S Dagur, MD of the company stated that company has achieved the increased sales turnover to Rs. 418.05 crore for the quarter ended on 30thJune, 2011 as against Rs. 326.80 crore in the corresponding period of previous year. (i.e.by 27.92%)

The Profit Before Tax of the first quarter has increased by 190.87% to Rs. 64.34 crore as against Rs. 22.12 crore in the similar period of the previous year, which is mainly due to
improvement in price realizations of majority of the products of the Company. The Profit After Tax for the first quarter has increased by 144.08% and achieved to Rs. 46.40 crore as
against Rs. 19.01 crore in the similar period of the previous year.

The Company has successfully commissioned its Hydrogen Peroxide expansion unit on 24th June, 2011.He further said that the Company has already got three projects registered
with United Nations Framework Convention on Climate Change (UNFCCC) under Clean Development Mechanism (CDM) Projects and has taken action for few more projects including Wind Mill projects to be registered during the Financial Year 2011-12.

GACL has registered a joint venture Company with Dow Europe GmbH to set up a 2,00,000 TPA Chloromethanes plant at Dahej with 50-50 equity partnership. The engineering activities of this project are going on at full stream. The company has already announced projects involving an investment of about Rs.2,600 crore and these projects are progressing as scheduled and are expected to go on streamby FY 2014-15.

GUJARAT ALKALIES AND CHEMICALS LIMITED

UNAUDITED (PROVISIONAL) FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th JUNE, 2011

 	 	 	 	Rs in lakhs
Sr. No.	Particulars	3 Months ended (30/06/2011)	Corresponding    3 Months    ended in the previous year (30/06/2010)	Previous accounting year ended (31/03/2011)
 	 	(Unaudited)	(Unaudited)	(Audited)
[ 1 ]	[ 2 ]	[ 3 ]	[ 4 ]	 [ 5 ]
01	(a) Net Sales / Income from Operations	41,805	32,680	1,42,317
 	(b) Other Operating Income	259	310	1,224
 	Total ( a to b )of Sr. No. 01	42,064	32,990	1,43,541
02	Expenditure :	 	 	 
 	a)  (Increase) / Decrease stock in trade and work in progress	(1,294)	270	(466)
 	b)  Consumption of raw materials	17,288	14,210	61,579
 	c)  Purchase of traded goods	205	-	1,604
 	d)  Power, fuel & other utilities	4,939	4,698	22,972
 	e)  Other Manufacturing & Operating Expenditure	4,242	3,520	13,967
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