Gujarat Alkalies and Chemicals Limited has informed that Dr. Hasmukh Adhia, IAS has been appointed as a Director by the Board of Directors of the company at its meeting held on May 16, 2013.

Gujarat Alkalies and Chemicals Limited reported standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 4,594.7 million compared to INR 4,221.2 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 1,188.8 million compared to INR 734.5 million a year ago. Profit from ordinary activities before tax was INR 1,214.1 million compared to INR 712 million a year ago. Net profit was INR 807.3 million or INR 10.99 per diluted share compared to INR 442.1 million or INR 6.02 per diluted share a year ago. For the year, the company reported net sales/income from operations (net of excise duty) of INR 17,943.1 million compared to INR 16,982.2 million a year ago. Profit from operations before other income, finance costs and exceptional items of INR 3,438.0 million compared to INR 2,483.7 million a year ago. Profit from ordinary activities before tax was INR 3,368.3 million compared to INR 2,234.2 million a year ago. Net profit was INR 2,353.5 million or INR 32.05 per diluted share compared to INR 1,536.1 million or INR 20.92 per diluted share a year ago. Return on equity was 13.03% (before dividend) compared to 8.15% (after dividend) a year ago. Book value per share was INR 246.02 (before dividend) compared to INR 213.83 (after dividend) a year ago.

Gujarat Alkalies and Chemicals Limited announced that the Board of Directors of the company at its meeting held on May 16, 2013, has recommended a Dividend of INR 3.50 per Equity Share of INR 10 per each fully paid-up for the year ended March 31, 2013. Upon approval of the Shareholders of the Company at the Annual General Meeting, the Dividend declared at the AGM will be paid within 30 days of declaration.