Monday, July 25, 2022

Gokaldas Exports Reports PAT Of Rs 50.8 Crore Compared To Rs 52.4 Crore In Previous Quarter

Financial Results, Q1 FY23

Gokaldas Exports Limited today declared its financial results for the quarter ended 30th June 2022. For the quarter, the Company reported a revenue of Rs 612.7 Crore on a consolidated basis, up by 152% compared to a Covid impacted revenue of Rs 243 Crore in the corresponding quarter of last year. The company has made appreciable progress across all key performance indicators.

Key Highlights:

o   Profit before tax was Rs 50.8 Crore compared to a loss Rs.2.6 Crore in Q1 FY22 and Rs 52.4 Crore in the previous quarter, Q4 FY22. During quarter the company considered share-based compensation charge of Rs 6 Crore, excluding which the profit before tax was Rs 56.8 Crore.

o   Reported a net profit of Rs 39.4 Crores in the current quarter and generated an EBITDA of Rs 74.3 Crore compared to Rs 19.9 Crore in the Q1 FY22.

o   During the quarter, the company has incurred a CapEx of Rs 32 Crore towards capacity expansion and modernisation.

Commenting on the company’s performance, Mr. Siva Ganapathi, Managing Director, said, the solid revenue and profit growth was driven by excellence in execution and utilizing the capacity optimally in a challenging economic environment.

The company will continue to focus on optimal resource utilization and drive operational excellence.

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