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Gokaldas Exports Results: Latest Quarterly Results & Analysis

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Gokaldas Exports Ltd. 12 Nov 2025 13:16 PM
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Q2FY26 Quarterly Result Announced for Gokaldas Exports Ltd.

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."

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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.”

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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.”

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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.”

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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.”

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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".

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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.”

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Textiles company Gokaldas Exports announced Q2FY24 & H1FY24 results:

Financial Performance:
1. Gokaldas Exports reported consolidated revenue of Rs 509.0 crore for Q2FY24, showing a decline of 11.7% YoY.
2. Profit before tax for Q2FY24 stood at Rs 29.3 crore, compared to Rs 49.0 crore in Q2FY23, marking a decline of 40.1%.
3. The EBITDA margin for Q2FY24 was 11.0%, a decrease of 151 bps compared to Q2FY23.
4. The company's total income for H1FY24 was Rs 1,031.2 crore, representing a YoY decline of 13.3%.
5. H1FY24 profit before tax was Rs 72.5 crore, a decrease of 27.4% compared to H1FY23.

Commenting on the company's second-quarter performance, Siva Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, "Our performance reflects lean demand from major brands, given that they were carrying excess inventory. We ramped up our labour force in Q2 in preparation for the third quarter, resulting in increased cost. We are expecting improved momentum in the second half of the year as we are seeing growing traction in customer orders. We will stay focused on improving operating parameters and are confident of the medium to long-term prospects of the company."

 

 

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Textiles company Gokaldas Exports announced Q1FY24 results:

  • Total Income of Rs 522.2 crore in Q1FY24 compared to Rs 612.7 crore in Q1FY23, down 14.8% YoY
  • EBITDA of Rs 67.8 crore in Q1FY24 compared to Rs 743 crore in Q1FY23, down 8.8% YoY
  • EBITDA Margin of 13.0% in Q1FY24 compared to Rs 12.1% in Q1FY23, up 85 bps YoY
  • Profit before tax of Rs 43.2 crore in Q1FY24 compared to Rs 50.8 crore in Q1FY23, down 15.0% YoY
  • Profit after tax of Rs 32.6 crore in Q1FY24 compared to Rs 39.4 crore in Q1FY23, down 17.4% YoY

Commenting on the company’s Q1FY24 performance, Siva Ganapathi, Vice Chairman and Managing Director, Gokaldas Exports said, “Our performance endorses the belief in our ability to sustain continued operating performance gains in a sluggish macro-economic environment. While we continue to take measures focusing on customer relationships and service excellence, we are optimistic about revival of the business in H2 and are bullish on the long-term prospects of the company.”

 

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Textiles company Gokaldas Exports announced Q4FY23 & FY23 results:

  • Reported consolidated net profit of Rs 173.0 crore, up by 47.7% compared to Rs 117.1 crore for FY22
  • Reported consolidated revenues of Rs 2,247.2 crore for the year, up by 24.8% compared to Rs 1,801.0 crore for FY22
  • EBITDA of Rs 295.8 crore is after considering ESOP charges of Rs 5.1 crore in Q4FY23 and Rs 23.0 crore for FY23 & excluding the exceptional income of Rs 6.05 crore in FY23
  • The company is pleased to announce that the Board of Directors has recommended a final dividend of Re 1/- per equity share (i.e., 20% of the face value of Rs 5 per equity share) for FY23, subject to the approval of the shareholders at the ensuing Annual General Meeting of the company.

Commenting on the company’s fourth quarter performance, 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.”

 

 

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