loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations
Open ICICI 3-in-1 Account

Gokaldas Exports Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Gokaldas Exports Ltd. 12 Aug 2026 11:22 AM
Result PDF

Q1FY27 Quarterly Result Announced for Gokaldas Exports Ltd.

Textiles company Gokaldas Exports announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from operations for Q1FY27 stood at Rs 1,15,351.37 lakh, marking a 7.92% QoQ increase from Rs 1,06,884.70 lakh in Q4FY26 and a 20.69% YoY growth from Rs 95,578.61 lakh in Q1FY26. For the full year FY26, revenue reached Rs 3,98,763.81 lakh.
  • Total income for Q1FY27 was Rs 1,18,017.13 lakh, reflecting an 8.54% QoQ increase compared to Rs 1,08,733.50 lakh and a 20.77% YoY growth from Rs 97,716.52 lakh.
  • Profit before tax for Q1FY27 was Rs 6,283.41 lakh, showing a 10.18% QoQ decrease from Rs 6,995.77 lakh in Q4FY26, but a 10.61% YoY increase from Rs 5,680.65 lakh in Q1FY26.
  • Net profit for the period in Q1FY27 was Rs 4,429.82 lakh, which is a 23.18% QoQ increase from Rs 3,596.17 lakh in Q4FY26 and a 6.81% YoY growth from Rs 4,147.34 lakh in Q1FY26. For the full year FY26, net profit stood at Rs 10,013.18 lakh.
  • Total comprehensive income for Q1FY27 was Rs 8,170.20 lakh, compared to a loss of Rs 3,039.05 lakh in Q4FY26 and a profit of Rs 5,192.84 lakh in Q1FY26.
  • Basic Earnings Per Share (EPS) for Q1FY27 was Rs 6.05, showing a growth from Rs 4.91 in Q4FY26 and Rs 5.73 in Q1FY26.

Standalone Financial Highlights:

  • Revenue from operations for Q1FY27 reached Rs 75,166.11 lakh, representing an 8.11% QoQ increase from Rs 69,529.62 lakh in Q4FY26 and a 17.78% YoY increase from Rs 63,821.71 lakh in Q1FY26.
  • Total income for Q1FY27 was Rs 78,833.23 lakh, marking an 8.64% QoQ increase from Rs 72,566.10 lakh and a 17.67% YoY growth from Rs 66,993.55 lakh.
  • Profit before tax for Q1FY27 was Rs 8,786.34 lakh, which is an 8.20% QoQ decline from Rs 9,571.75 lakh, but a 44.21% YoY growth compared to Rs 6,092.57 lakh.
  • Net profit for the period for Q1FY27 stood at Rs 6,863.62 lakh, reflecting an 8.22% QoQ increase from Rs 6,342.19 lakh in Q4FY26 and a 43.08% YoY jump from Rs 4,797.18 lakh in Q1FY26. For the full year FY26, the standalone net profit was Rs 20,392.83 lakh.
  • Total comprehensive income for Q1FY27 was Rs 10,673.13 lakh, compared to Rs 1,452.72 lakh in Q4FY26 and Rs 5,797.29 lakh in Q1FY26.
  • Basic Earnings Per Share (EPS) for Q1FY27 was Rs 9.37, up from Rs 8.66 in Q4FY26 and Rs 6.63 in Q1FY26.

Business Highlights:

  • Investment in BRFL Textiles Private Limited (BTPL): Pursuant to an Investment Agreement dated June 19, 2024, the Company subscribed to Optionally Convertible Debentures (OCD) for a consideration of Rs 22,500 lakh in BTPL. Additionally, corporate guarantees amounting to Rs 31,500 lakh have been extended to banks on behalf of BTPL.
  • Equity Interest in BTPL: For a total consideration of Rs 7,199.06 lakh, the Company acquired equity shares and compulsorily convertible preference shares (CCPS), which were subsequently converted into equity shares. As of June 30, 2026, the Company holds a 19% equity interest in BTPL.
  • Amalgamation Update: On August 9, 2025, the Board approved the scheme of amalgamation of BTPL with the Company. During Q1FY27, the NCLT directed the company to convene a meeting of equity shareholders to consider the Scheme, which was subsequently approved by the members on July 31, 2026.
  • Accounting Reclassification: During the current quarter, the Company reclassified job work charges to 'Other expenses' and regrouped corresponding figures for previous periods to conform to the current classification.

Sivaramakrishnan Ganapathi, Vice Chairman & Managing Director, Gokaldas Exports, said: “Better order execution in India and higher volume in Africa led to a strong income growth in the quarter. The Company has come out of penal tariff and now enjoys parity with global peers, which allows it to compete on a level playing field for business. Focus on productivity gains and a strong order book should help growth and margins going forward.”

Result PDF

Result PDF

Textiles company Gokaldas Exports announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: The company reported a total income of Rs 1,08,733.50 lakh for Q4FY26, reflecting a QoQ increase of 8.88% from Rs 99,816.23 lakh in Q3FY26 and a YoY increase of 5.07% from Rs 1,03,485.73 lakh in Q4FY25. For the full year FY26, total income stood at Rs 4,06,495.85 lakh compared to Rs 3,91,718.39 lakh in FY25.
  • Revenue from Operations: For Q4FY26, revenue from operations was Rs 1,06,884.70 lakh, up 9.22% QoQ from Rs 97,865.14 lakh and up 5.27% YoY from Rs 1,01,533.55 lakh. The annual revenue for FY26 grew to Rs 3,98,763.81 lakh from Rs 3,86,423.96 lakh in FY25.
  • Net Profit: The consolidated net profit for Q4FY26 was Rs 3,596.17 lakh, showing a significant QoQ growth of 146.10% from Rs 1,461.31 lakh in Q3FY26, but a YoY decline of 31.97% compared to Rs 5,286.00 lakh in Q4FY25. For the full year FY26, net profit stood at Rs 10,013.18 lakh compared to Rs 15,854.09 lakh in FY25.
  • Earnings Per Share (EPS): Basic EPS for Q4FY26 was Rs 4.91, compared to Rs 2.00 in Q3FY26 and Rs 7.40 in Q4FY25. For FY26, the basic EPS was Rs 13.71 compared to Rs 22.36 in FY25.

Standalone Financial Highlights:

  • Total Income: Standalone total income for Q4FY26 was Rs 72,566.10 lakh, up 3.32% QoQ from Rs 70,237.74 lakh and up 5.51% YoY from Rs 68,774.37 lakh. For the full year FY26, total income was Rs 2,81,459.83 lakh.
  • Revenue from Operations: Standalone revenue for Q4FY26 was Rs 69,529.62 lakh, compared to Rs 67,167.77 lakh in Q3FY26 and Rs 65,518.15 lakh in Q4FY25.
  • Net Profit: Standalone net profit for Q4FY26 stood at Rs 6,342.19 lakh, an increase of 60.70% QoQ from Rs 3,946.55 lakh and an increase of 20.11% YoY from Rs 5,280.17 lakh. For the full year FY26, standalone net profit was Rs 20,392.83 lakh compared to Rs 19,132.41 lakh in FY25.

Business Highlights:

  • Segment Performance: The Group is engaged primarily in the business of 'manufacture and sale of apparels' and there are no separate reportable segments as per Ind AS 108.
  • Corporate Guarantee Enhancement: The Board approved enhancing the corporate guarantee limit from Rs 300 crore to Rs 400 crore for BRFL Textiles Private Limited (BTPL) to avail working capital and term loan facilities.
  • Investment in BTPL: As of March 31, 2026, the company holds a 19% equity interest in BRFL Textiles Private Limited. This follows the acquisition of equity shares and compulsorily convertible preference shares for a total consideration of Rs 7,199.06 lakh.
  • Amalgamation Update: On August 9, 2025, the Board approved a scheme of amalgamation of BRFL Textiles Private Limited with the company. The process is currently ongoing, awaiting requisite approvals from relevant authorities.
  • Impact of New Labour Codes: The Group has assessed and accounted for a one-time incremental impact of Rs 314.33 lakh in the consolidated results and Rs 304.06 lakh in standalone results for FY26 under 'Employee benefits expense' due to the recognition of past service costs under the New Labour Codes.

Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “Disruption due to penal US tariffs and volatile geopolitical events impacted our costs and margin during the year. Exceptional teamwork, strong customer relationships, and relentless execution in the face of strong adversities helped us deliver a superior business performance. We grew our revenue and more or less maintained our EBITDA margin. We are confident that we have the leadership depth and business capability to address external shocks that may come our way in the near term. In the long term, we see the macroeconomic trends favour sourcing from India and other low-cost regions, and are hopeful that we are poised to leverage these trends to emerge as a strong global entity.”

Result PDF

Textiles company Gokaldas Exports announced Q3FY26 results

  • Revenue: Rs 998 crore against Rs 1,001 crore during Q3FY25, change 0%.
  • EBITDA: Rs 96 crore against Rs 117 crore during Q3FY25, change -18%.
  • EBITDA Margin: 9.7% for Q3FY26.
  • PBT: Rs 26 crore against Rs 67 crore during Q3FY25, change -61%.
  • PAT: Rs 15 crore against Rs 50 crore during Q3FY25, change -70%.

Sivaramakrishnan Ganapathi, Vice Chairman & Managing Director, Gokaldas Exports, said: “Our India operation delivered a growth of 8% YoY, even after absorbing the first full impact of US tariffs in this quarter, whereas apparel export from India remained flat. With a possible renewal of AGOA on the cards, there is a stronger order book for Africa improving the outlook. The EBITDA margin was tempered by US tariff, but was offset by higher productivity gain and diligent cost management measures.”

Result PDF

Textiles company Gokaldas Exports announced Q2FY26 results

  • Total Income: Rs 1,003 crore against Rs 942 crore during Q2FY25, change 7%.
  • EBITDA: Rs 84 crore against Rs 82 crore during Q2FY25, change 1%.
  • EBITDA Margin: 8.3% for Q2FY26.
  • PBT: Rs 19 crore against Rs 36 crore during Q2FY25, change -47%.
  • PAT: Rs 8 crore against Rs 28 crore during Q2FY25, change -71%.

Sivaramakrishnan Ganapathi, Vice Chairman & Managing Director, Gokaldas Exports, said: "Our performance in Q2 was modest, impacted by low volume in our Africa business due to the AGOA rollover uncertainty, while India operations remained robust. The EBITDA margins remained flat YoY due to operating deleverage at our Africa business, US tariff impact, and startup costs owing to the new business/units. Despite the tariff overhang, the Company sees a strong order book buildup in the quarters ahead for both India and its Africa business, based on a possible reinstatement of AGOA."

Result PDF

Textiles company Gokaldas Exports announced Q1FY26 results

  • Total Income: Rs 977 crore compared to Rs 940 crore during Q1FY25, change 4%.
  • EBITDA: Rs 119 crore compared to Rs 83 crore during Q1FY25, change 44%.
  • EBITDA Margin: 12.1% for Q1FY26.
  • PBT: Rs 57 crore compared to Rs 36 crore during Q1FY25, change 57%.
  • PAT: Rs 41 crore compared to Rs 27 crore during Q1FY25, change 53%.

Sivaramakrishnan Ganapathi, Vice Chairman & Managing Director, Gokaldas Exports, said: “We reported a healthy growth in PAT and an improvement in EBITDA margins on a YoY basis, supported by productivity gains and robust cost management efforts. The company reported a moderate growth in its total income, as it was period impacted by tariff. Total income, excluding both acquired entities, reported a 20% YoY growth.”

Result PDF

Textiles company Gokaldas Exports announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Gokaldas Exports registered a total income growth of 27% and 84% growth in profit before tax on a YoY basis in 4QFY25.
  • The company, during the quarter ended March 31, 2025, reported a consolidated total income of Rs 1,035 crore and a consolidated profit before tax of Rs 79 crore.
  • The EBITDA margins improved by 272 bps on a YoY basis during the quarter, supported by productivity gains and robust cost management efforts.
  • EBITDA stood at Rs 142 crore for Q4FY25 compared to Rs 90 crore for Q4FY24 and PAT stood at Rs 53 crore

FY25 Financial Highlights:

  • FY2025 total income touched Rs 3917 crore, the highest in its history, and a consolidated profit before tax of Rs 218 crore.
  • The company’s full-year total income and profit before tax registered a growth of 63% and 37%.

Commenting on the company’s fourth quarter and full year performance, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “The year marks an important milestone for Gokaldas Exports as it was a period of consolidation of the acquisitions. We reported a healthy growth in total income and profits for the full year as well as the quarter. There is a considerable amount of effort required to improve the margins further over the next few years as we continue to consolidate and grow the business. As we step into FY2026, the reciprocal tariff imposed by the US poses a formidable challenge by inducing business volatility and margin pressure. The recently concluded India-UK FTA, however, presents an opportunity as and when it is implemented.”

Result PDF

Gokaldas Exports company Gokaldas Exports announced Q3FY25 results

  • Gokaldas Exports registered a robust total income growth of 79% and 65% growth in profits on YoY basis in Q3FY25.
  • The company, during Q3FY25 reported a consolidated total income of Rs 1001 crore compared to Rs 560 crore in Q3FY24.
  • Consolidated profit after tax of Rs 50 crore compared to Rs 30 crore in the previous year Q3FY24.
  • EBITDA Margin: 11.7% for Q3FY25.

Sivaramakrishnan Ganapathi, Vice Chairman & Managing Director, Gokaldas Exports said: “In Q3FY25 Gokaldas Exports has reported significant jumps in our reported total income, PAT and EBITDA. We have crossed the Rs 1000 crore total income milestone for the first time in the quarter. EBITDA margins improved sequentially, indicating a healthy performance. We expect business volume to pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward.”

Result PDF

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

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

Textiles company Gokaldas Exports announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The Company reported a consolidated revenue of Rs 818.0 crore for the quarter compared to Rs 530.1 crore in the same quarter last year
  • Consolidated profit after tax of Rs 44.3 crore compared to Rs 47.2 crore in the previous year Q4FY23.

FY24 Financial Highlights:

  • The Company reported a consolidated revenue of Rs 2,409 crore for FY24 
  • Consolidated profit after tax of Rs 131 crore compared to Rs 173 crore in the previous year FY23.

Commenting on the company’s fourth quarter, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, “Our performance on a like-to-like basis, i.e. financial results excluding the recently acquired entities, reflects a strong performance. We overcame pricing pressure, one-time acquisition cost, increased statutory minimum wages and one-time startup cost at our new unit to deliver a strong EBITDA. The acquisition of the two companies and capacity addition aligns with our aim to integrate, diversify, and grow, while focusing on improving margins.

We firmly believe that the strategic intent behind the recent acquisitions will provide a solid foundation for margin growth. Both Atraco and Matrix have distinct advantages that complements well to the existing business. We are confident in productivity improvements resulting from geographic diversification, access to new customers, integrating existing customers, leveraging duty arbitrage, and strategic positioning.”

Result PDF

Trending News

EIL Eyes $1B Order Pipeline in Saudi Arabia and UAE

Engineers India Ltd (EIL) expects an order pipeline of around US$1 billion over the next 2–3 years from oil and petroleum-product pipelines and strategic storage projects in Saudi Arabia and the UAE

Published on 21-Sep-2026 09:16

L&T targets $20-30B modular market over 5 years after huge Australia project win

Larsen & Toubro (L&T) is targeting a US$20–30 billion addressable opportunity in modularisation over the next five years, against a global market estimated at US$100–150 billion, implying ~20% share of the addressable market. 

Published on 21-Sep-2026 09:15

ACE Eyes 15% Export Revenue Share in 3 Years, Explores M&As

Action Construction Equipment (ACE) expects exports to increase to ~15% of revenue over the next 2–3 years, from 7–8% in H1FY27, as it expands beyond traditional markets in Africa, Latin America and SAARC into North America, Australia and Europe. 

Published on 21-Sep-2026 09:14

POWERGRID Approves ₹5,000 Crore Bond Fundraise

POWERGRID’s Committee of Directors for Bonds has approved raising up to ₹5,000 crore through private placement of unsecured, non-convertible, non-cumulative, redeemable and taxable POWERGRID Bonds – LXXXIV (84th) Issue 2026-27

Published on 21-Sep-2026 09:12

Maruti Suzuki launches automatic S-CNG variants for Swift, Dzire, and Baleno starting at ₹7.92 lakh

In a press release, Maruti Suzuki announced the launch of automatic S-CNG variants of the Swift, Dzire and Baleno, addressing customers seeking both CNG’s running-cost benefits and automatic driving convenience. 

Published on 21-Sep-2026 09:11

India's Textile Exports Jump 16.1% to ₹29,776 Cr in August, Apr-Aug Exports Reach ₹1.43 Lakh Cr

India’s textile exports increased 16.1% YoY to Rs.29,776cr in August 2026, taking cumulative April-August exports to Rs.1.43 lakh cr (+10.3% YoY). 

Published on 21-Sep-2026 09:10

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Get it on google Play Store Download on the App Store
market app