Financial Results, Q1 FY23
Gokaldas Exports Limited today declared its financial results for the quarter ended 30th June 2022. For the quarter, the Company reported a revenue of ₹612.7 Crore on a consolidated basis, up by 152% compared to a Covid impacted revenue of ₹243 Crore in the corresponding quarter of last year. The company has made appreciable progress across all key performance indicators.
o Profit before tax was ₹50.8 Crore compared to a loss Rs.2.6 Crore in Q1 FY22 and ₹52.4 Crore in the previous quarter, Q4 FY22. During quarter the company considered share-based compensation charge of ₹6 Crore, excluding which the profit before tax was ₹56.8 Crore.
o Reported a net profit of ₹39.4 Crores in the current quarter and generated an EBITDA of ₹74.3 Crore compared to ₹19.9 Crore in the Q1 FY22.
o During the quarter, the company has incurred a CapEx of ₹32 Crore towards capacity expansion and modernisation.
Commenting on the company’s performance, Mr. Siva Ganapathi, Managing Director, said, the solid revenue and profit growth was driven by excellence in execution and utilizing the capacity optimally in a challenging economic environment.
The company will continue to focus on optimal resource utilization and drive operational excellence.