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.”