₹7602.41 crore in FY14. Profits though have grown faster. During the same period, net profit nearly doubled to Rs1496 crore from Rs760 crore.For investors, financial performance will be paramount.
Unfortunately, the change in management comes at a tough time given the covid-19 pandemic. For the March quarter, GCPL’s India business volume had declined as much as 15%.
Even so, GCPL’s commentary on April growth was encouraging. Still, the road ahead is rocky as one cannot be certain about demand recovery due to the pandemic.Analysts from Jefferies India Pvt.
Ltd wrote in a note on 13 May, “Despite growth in April in India, we continue to build a slight decline in revenue in 1QFY21 as macro remains tough.
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