Friday, May 26, 2023

Gokaldas Exports’ Delivers A Strong Performance During FY23

Gokaldas Exports Limited today declared its financial results for the year ended March 31, 2023. The Company reported consolidated net profit of Rs 173.0 Cr, up by 47.7% compared to Rs 117.1 Cr for the last year and reported a consolidated revenues of Rs 2247.2 Cr for the year, up by 24.8% compared to Rs 1801.0 Cr for the last year.

Commenting on the company’s fourth quarter performance, Mr. Siva Ganapathi, Vice Chairman and Managing Director, Gokaldas Exports said, “Our performance is a testament to our dedicated team and unwavering commitment to excellence which have propelled us to new heights, delivering outstanding results in a challenging market environment globally. The government's emphasis on boosting exports through budget allocation and trade agreements will play a crucial role in driving the industry forward.”

The company will continue to focus on optimal resource utilization and drive operational excellence in the coming quarters.

The Company is pleased to announce that the Board of Directors have recommended a final dividend of Re.1/- (one rupee only) per equity share (i.e., 20% of face value of Rs. 5 per equity share) for the financial year ended March 31, 2023, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

About Gokaldas Exports

Established in 1979, Gokaldas Exports has evolved to become a one-stop solution for some of the world’s most recognized apparel brands. With an annual turnover of USD 275 million, Gokaldas Exports is India’s largest manufacturer and exporter of apparels. Exporting to more than 50 countries, Gokaldas has 20+ production units, 15000+ advanced machines that produce 3.0 million garments in a month. ~26,000 employees of Gokaldas Exports work together to ensure Gokaldas Exports’ vision of being a globally reputed apparel manufacturer and exporter comes true with emphasis on innovation and sustainability.

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