August 7th, 2023: Gokaldas Exports Limited today declared its financial results for the quarter ended June 30, 2023. The Company reported a consolidated revenue of ₹ 522.2 Crore for the quarter compared to ₹ 612.7 Crore in the same quarter last year and a consolidated net profit of ₹ 32.6 Crore compared to ₹ 39.4 Crore for the same quarter last year. Key Highlights:
(Figures in ₹ Crore)
Parameters Q1 FY24 Q4 FY23 Q1 FY23 YoY QoQ Total Income 522.2 530.1 612.7 -14.8% -1.5% EBITDA 67.8 77.2 74.3 -8.8% -12.2%
EBITDA Margin 13.0% 14.6% 12.1% 85 bps -158 bps Profit before tax 43.2 50.8 50.8 -15.0% -14.9% Profit after Tax 32.6 47.2 39.4 -17.4% -31.0%
Commenting on the company’s first-quarter performance, Mr. 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.”
The company will continue to focus on strengthening customer relationships, optimal resource utilization and drive operational excellence in the coming quarters.
