GHCL, a leading soda ash manufacturer, experienced a 51% decline in its standalone net profit in the second quarter of FY 2024. The company attributes this decline to reduced demand and an oversupply situation in the global market, resulting in lower soda ash prices. GHCL also posted a decline in net revenue. However, the company remains optimistic, noting early signs of demand recovery in the domestic market and outlining ambitious growth plans for the future.
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