Conference Call with Gokaldas Exports Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Textiles company Gokaldas Exports announced Q2FY25 results Registered a robust topline growth of 85% and 19% growth in profits on YoY basis in Q2FY25. Consolidated total income of Rs 941.8 crore compared to Rs 509.0 crore in the Q2FY24. Consolidated profit after tax of Rs 28.2 crore compared to Rs 23.7 crore in the Q2FY24. EBITDA: Rs 82.4 crore compared to Rs 82.6 crore during Q2FY24. EBITDA Margin: 8.7% for Q2FY25. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said: “We reported healthy growth in total income both in the quarter and half year indicating a sustained growth momentum. The majority of the growth during the quarter was contributed by Gokaldas Exports excluding Atraco & Matrix, as it is a seasonally lean period for both the acquired entities. On consolidated profitability front, muted volumes in the acquired entities, coupled with air freight cost in Gokaldas Exports and employee cost build up in anticipation of future volumes growth impacted the profitability in the quarter. We expect better volume pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward.” Result PDF
Conference Call with Gokaldas Exports Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Textiles company Gokaldas Exports announced Q1FY25 results: The Company reported a consolidated revenue of Rs 939.7 crore for the quarter compared to Rs 522.2 crore in the same quarter last year. Consolidated profit after tax of Rs 27.2 crore compared to Rs 32.6 crore in the previous year Q1FY24. Commenting on the company's first quarter, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, "We were able to sustain the revenue growth momentum during the quarter but missed on profitability front. The company witnessed several headwinds starting from a disruption of our production in a majority of our factories in April and May leading to delays in shipment incurring extra costs in overtime and airfreight, huge ramp up of employees in anticipation of volume growth in the second half of the year, slower ramp up of our new units, and continuing airfreight costs at Atraco. Some of these impacts will be offset in the quarters ahead. We are making good progress towards integrating the operations of our newly acquired entities to secure better operating leverage. Our strategic investment in BTPL, a fabrics processing unit, allows us to derive utmost benefit through vertical integration into critical raw materials, adding an edge in terms of speed, quality, and cost". Result PDF