Gulshan Polyols has reported total income of Rs.228.65 crores during the period ended March 31, 2021 as compared to Rs.209.26 crores during the period ended December 31, 2020. It reported total income of Rs.135.53 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.21.54 crores for the period ended March 31, 2021 as against net profit of Rs.18.60 crores for the period ended December 31, 2020. The company posted net profit of Rs.2.78 crores for the period ended March 31, 2020.

Gulshan Polyols has reported total income of Rs.767.90 crores during the 12 months period ended March 31, 2021 as compared to Rs.621.74 crores during the 12 months period ended March 31, 2020. The company posted net profit of Rs.62.45 crores for the 12 months period ended March 31, 2021 as against net profit of Rs.20.58 crores for the 12 months period ended March 31, 2020.

Dr. Chandra Kumar Jain, CMD, Gulshan Polyols, said: “The COVID-19 pandemic has posed significant unforeseen challenges for all businesses, including GULSHAN POLYOLS LIMITED; however, the transformative organisational changes that we put into action more than 12 months ago and the resilience that we built into the business have enabled us to navigate the uncertainty with confidence and rigour. Our strengthened Boardroom and Executive team have demonstrated expert leadership, and for this, I wish to extend my gratitude.

“Thanks to commitment and the effort of the entire GPL team to deliver the objectives we set out last year, we are ready to emerge from the current situation as a nimble, fast-growing business, with a more robust balance sheet, and with the tools and capabilities we need to achieve our global ambitions.

“Our operational discipline and focused cost optimization programs, leveraging technology are driving our cost lower and is evident in our financial performance. Our unwavering focus on working hard is enabling us to stay ahead of the curve and deliver leading returns.

“The Ethanol business has become a feather on the cap of Company's performance in the Distillery segment which is doing exceptionally well due to processing and supply of 'Ethanol' to 'Public Sector Companies' and contributing into revenue growth by ₹ 4,632.58 Lakhs in Q4'FY21 vs. Q4'FY20 and on yearly basis, it contributed ₹ 12765.10 Lakhs.Further, Company's performance in the Grain Processing business has grown in revenue by ₹ 4,397.40 Lakhs in Q4'FY21 vs. Q4'FY20, due to good demand in the segment.

“We are pleased to inform that your Company has become a Debt Free Company as on March 31, 2021.This was only possible due to sound financial controls and management.

“The earnings in the FY21 vs F20 reflects a robust performance despite of negative impact of the global pandemic. The demand in Company's products surpass all previous records and resulted into registering a Revenue of 76603.44. Lakhs and Net Profit of ₹ 6245.55 Lakhs. This was achieved due to credible resumption of supply chain and logistics, cost & cash management, along with judicious price increase.”