Gokaldas Exports reports rise in net profit

Gokaldas Exports reports rise in net profit

23rd January 2022, Mumbai: 

Bengaluru-based garment exporter Gokaldas Exports on Friday reported a big increase in its consolidated profit after tax (PAT) at Rs 30 crore for the December quarter over Rs 6 crore it recorded during the same period of last financial year.

As per The Economic Times report, the company recorded revenue growth of 95% during the quarter at Rs. 524 crore over Rs. 268 crore it achieved for the same period of last fiscal year.

In the December quarter, the company recorded an earning before interest, depreciation & amortization (Ebitda) of Rs. 63 crore, compared to Rs. 24 crore during the corresponding period of last year and Rs 54 crore in the previous quarter as per ET. The company said its Ebitda margin has improved by 3% over the same quarter of the last financial year.

During the last nine months, the company has incurred a capital expenditure of Rs. 42 crore towards capacity expansion and modernization of its business infrastructure.


**The statistics mentioned in the above articles have been sourced from The Economic Times. 

Credits: TheEconomicTimesMoneyControl


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