Categories: Fashion

Gokaldas Exports sees revenue go up but profits go down in FY25 Q1

Apparel manufacturing business Gokaldas Exports saw its consolidated revenue increase significantly to total Rs 939.7 crore in the first quarter of the 2025 financial year but profits after tax were down at Rs 27.2 crore during the quarter.

Gokaldas Exports specialises in apparel manufacturing – Gokaldas Exports Ltd- Facebook

Gokaldas Exports’ consolidated revenue had totalled Rs 522.2 crore in the first quarter of the 2024 financial year and its profits after tax had totalled Rs 32.6 crore, the business announced in a press release. In April 2024, the business raised Rs 600 crore in equity capital through Qualified Institutional Placement and acquired two companies.
 
“We were able to sustain the revenue growth momentum during the quarter but missed on profitability front,” said Gokaldas Exports’ vice chairman and managing director Sivaramakrishnan Ganapathi in a press release. “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.”
 
As of June 30, 2024, Gokaldas Exports reported a net cash of Rs 58 crore. The business is targeting significant growth in the future and aims to leverage its pan-India network to fuel this.
 
“We are making good progress towards integrating the operations of our newly acquired entities to secure better operating leverage,” said Ganapathi. “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.”

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

20 hours ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

20 hours ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

20 hours ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

20 hours ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

21 hours ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

21 hours ago