Ethanol stock engaged in manufacturing and supplying ethanol, fructose, sorbitol, and various other industrial chemicals grew by 9 percent in the day’s trade upon posting a 122 percent jump in Net Profits in Q1FY25.
Price Action
With a market capitalization of Rs. 1,194 Crores, the shares of Gulshan Polyols Limited were trading at Rs. 1,101.30 per equity share, up 6 percent from its previous day’s close price of Rs. 1,036.30.
Q1FY25 Results
Its Revenue from operations grew by 55 percent YoY from Rs. 293.47 Crores in Q1FY24 to Rs. 454.55 Crores in Q1FY25 and it grew by 12 percent QoQ from Rs. 405.59 Crores in Q4FY24 to Rs. 454.55 Crores in Q1FY25.
Its Net Profit grew by 122 percent YoY from Rs. 4.37 Crores in Q1FY24 to Rs. 9.69 Crores in Q1FY25 and grew by 48 percent QoQ from Rs. 6.57 Crores in Q4FY24 to Rs. 9.69 Crores in Q1FY25. Its Net Profit Margin increased from 1.47 percent in Q1FY24 to 2.12 percent in Q1FY25.
Fund Raising
In Addition, the board of directors of Gulshan Polyols Limited has considered and approved raising funds for an amount of upto Rs. 250 Crores through Qualified Institutional Placement or by way of one or more private offering or any equivalent capital raising methods.
The 500 KLPD Grain Based Ethanol manufacturing unit is now successfully running at 60 percent capacity utilization, which should go upto 80 percent capacity utilization in coming quarter.
The company has started the commercial operations of Ethanol at our 250 KLPD Capacity Grain-based Ethanol Plant at Goalpara, Distt. Assam. With the above capex coming on board, Gulshan will become one of the dominant players in Grain Based Ethanol manufacturing in the coming years.
About the Company
Gulshan Polyols Limited is a multi-product manufacturing company, it has a global presence in 35+ countries and it mainly operates in 3 business segments namely Grain Processing, Ethanol (bio-fuel)/distillery, and Mineral Processing. It is among the market leaders in manufacturing sorbitol, precipitated calcium carbonate (PCC), and wet-ground calcium carbonate.
Its business portfolio covers starch, starch sugars, calcium carbonate, alcohol and ethanol business, agro-based animal feed, on-site precipitated calcium carbonate plants, and many more.
Gulshan Polyols Limited Segmental revenue breakdown is as follows, 75 percent of its revenue comes from Grain Processing, 9 percent from Mineral Processing, and 16 percent from Ethanol.
Written by: Bharath K.S
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