Net profit of GHCL rose 53.52% to Rs 157.86 crore in the quarter ended June 2017 as against Rs 102.83 crore during the previous quarter ended June 2016. Sales rose 9.57% to Rs 750.39 crore in the quarter ended June 2017 as against Rs 684.82 crore during the previous quarter ended June 2016.

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GHCL will hold a meeting of the Board of Directors of the Company on 29 July 2017 to consider, inter alia the reviewed un-audited financial results of the Company for the quarter ended June 30, 2017.

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GHCL announced that pursuant to buyback of shares on 20 June 2017 for extinguishment of 253,255 equity shares of Rs. 10/- each, the paid-up and issued share capital of GHCL stands reduced to Rs. 977,107,860 /- consisting of 97,710,786 equity shares.

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Meanwhile, the S&P BSE Sensex was down 80.36 points, or 0.26% at 31,217.17. The S&P BSE Small-Cap index was up 19.64 points, or 0.13% at 15,699.36.

On the BSE, 2,759 shares were traded on the counter so far as against the average daily volumes of 35,616 shares in the past one quarter. The stock had hit a high of Rs 239.95 and a low of Rs 237.45 so far during the day. The stock had hit a record high of Rs 298.80 on 20 October 2016 and a 52-week low of Rs 165 on 24 June 2016.

The stock had underperformed the market over the past one month till 20 June 2017, declining 5.49% compared with the Sensex's 2.73% rise. The scrip had also underperformed the market over the past one quarter declining 9.82% as against the Sensex's 6.03% rise. The scrip had, however, outperformed the market over the past one year advancing 44.1% as against the Sensex's 16.49% rise.

The small-cap company has equity capital of Rs 99.90 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.45% based on the closing price of Rs 241.95 yesterday, 20 June 2017.

GHCL's net profit rose 44.8% to Rs 113.11 crore on 28.3% increase in net sales to Rs 824.40 crore in Q4 March 2017 over Q4 March 2016.

GHCL is engaged in the business of manufacturing and trading of inorganic chemicals and home textiles.

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