Saturday, Jan 25 2025 | Time 04:07 Hrs(IST)
image
Business EconomyPosted at: Nov 13 2024 4:53PM


Gokaldas Exports growth up 19 percent to Rs 28.2 crore in Q2

New Delhi, Nov 13 (UNI) Gokaldas Exports, a leading player in apparel exports, on Wednesday said it registered a growth of 19 percent y-o-y basis to Rs 28.2 crore in the second quarter of current financial year versus Rs 23.7 crore in the same quarter of last financial year.
The total income (consolidated) from operations grew 85 percent to Rs 941.8 crore in the July-September quarter of fiscal 2024-25 as against Rs 509 crore in the same quarter of last financial year 2023-24, the company said in a release.
Commenting on the company’s second quarter, Mr. 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.
The company expect better volume pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward, he added.
Established in 1979, Gokaldas Exports has evolved into a one-stop solution for some of the world’s most recognized apparel brands. Gokaldas Exports is one of India’s largest manufacturers and exporters of apparel, exporting to more than 50 countries.
Following the acquisition of Atraco and Matrix, Gokaldas Exports currently has over 30+ production units that can produce about 87 million garments annually.
UNI SKB CS1652
Please log in to get detailed story.
Tags: #Gokaldas Exports growth up 19 percent to Rs 28.2 crore in Q2
More News

Kottayam-Kochi Rubber Market Rates

24 Jan 2025 | 7:47 PM

Kottayam, January 24 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal
KOTTAYAM
RSS FOUR: 19100
RSS FIVE : 18700
ISNR TWENTY: 18000
SIXTY PERCENT LATEX: 13845
KOCHI
RSS FOUR : 19100
RSS FIVE : 18700
INTERNATIONAL RATES (BANGKOK)
RSS One : 21061
RSS Two : 20909
RSS Three: 20769
RSS Four : 20692
RSS Five : 20578
KUALALUMPUR
SMR TWENTY : 17716($204.90)
SIXTY PERCENT LATEX : 13540($156.60)
UNI PA BM.

see more..

JSW Steel net profit plunges 71 pc to Rs 719 crore in Q3

24 Jan 2025 | 7:15 PM

New Delhi, Jan 24 (UNI) Billionaire Sajjan Jindal-led JSW Steel on Friday reported a 70.65% year-on-year decline in consolidated net profit to Rs 719 crore in the October-December quarter (Q3) of the current financial year 2024-25 (FY25).

see more..

Torrent Pharma Q3 net up 14 pc to Rs 503 crore

24 Jan 2025 | 7:09 PM

New Delhi, Jan 24 (UNI) Torrent Group flagship company Torrent Pharma on Friday reported 14 percent jump in net profit year-on-year to Rs 503 crore during the third quarter (October-December) of current financial year 2024-25, versus Rs 443 crore in the same quarter of previous financial year.

see more..

CBIC cautions against fraudsters issuing fake and fraudulent summons for GST violations

24 Jan 2025 | 6:47 PM

New Delhi, Jan 24 (UNI) The Government has cautioned citizens against fraudsters issuing fake and fraudulent notices for GST violations saying anybody getting such notice must verify the genuineness of these communications before taking action.

see more..
Oppo launches Reno 13 5G series in Hyderabad

Oppo launches Reno 13 5G series in Hyderabad

24 Jan 2025 | 6:20 PM

Hyderabad, Jan 24 (UNI) Oppo launched the Reno 13 5G and Reno 13 Pro 5G featuring MediaTek's Dimensity 8350 chipset and AI Ready cameras here on Friday.

see more..
image