Net profit of Gokaldas Exports declined 16.50% to Rs 27.18 crore in the quarter ended June 2024 as against Rs 32.55 crore during the previous quarter ended June 2023. Sales rose 81.12% to Rs 932.13 crore in the quarter ended June 2024 as against Rs 514.65 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales932.13514.65 81 OPM %8.0411.70 - PBDT63.7762.26 2 PBT36.1043.18 -16 NP27.1832.55 -16 Powered by Capital Market - Live News

Gokaldas Exports will hold a meeting of the Board of Directors of the Company on 7 August 2024Powered by Capital Market - Live News

Gokaldas Exports has allotted 2,33,333 equity shares under ESOP on 08 July 2024. With this allotment, the paid up share capital stands increased to 35,70,40,640 divided into 7,14,08,128 equity shares of Rs.5/- each. Powered by Capital Market - Live News

Gokaldas Exports (GEX) has agreed to invest in BRFL Textiles (BTPL) by subscribing through Optionally Convertible Debentures (OCD). In its first tranche, GEX will subscribe for Rs 50 crore, with the remaining OCDs worth up to Rs 300 crore to be subscribed subsequently in multiple tranches, depending on the funding requirements. These funds shall be utilized mainly to meet the working capital needs, with a smaller portion towards the capex requirements. Further, subject to the fulfilment of certain conditions and receipt of applicable regulatory, statutory, or other required approvals/consents, a possible merger or acquisition will be explored by 30 June 2025.The company said, In the present business environment, customers require speed, flexibility, and agility and prefer to associate with suppliers who operate with an end-to-end integrated business model. With the strategic investment in BTPL, we intend to stand largely self-reliant in fulfilling our raw material requirements for manufacturing. BTPL comes with excellent infrastructure in terms of machinery and configurations, world-class machinery, and specialisation in linen manufacturing. It is well known in the fabric processing segment and has specialized prints and yarn-dyed fabrics that are synergistic with our internal needs. The infrastructure supports the production of knits, wovens, and all fibre types. We believe that investment in BTPL would accelerate GEX`s growth, leveraging the unique capabilities of BTPL. At this point, investment in a fabric processing mill would play an important strategic step for the company.Powered by Capital Market - Live News

Net profit of Gokaldas Exports declined 6.17% to Rs 44.28 crore in the quarter ended March 2024 as against Rs 47.19 crore during the previous quarter ended March 2023. Sales rose 55.34% to Rs 812.42 crore in the quarter ended March 2024 as against Rs 523.01 crore during the previous quarter ended March 2023.For the full year,net profit declined 24.28% to Rs 130.97 crore in the year ended March 2024 as against Rs 172.97 crore during the previous year ended March 2023. Sales rose 7.05% to Rs 2378.88 crore in the year ended March 2024 as against Rs 2222.20 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales812.42523.01 55 2378.882222.20 7 OPM %10.4013.40 -10.6812.19 - PBDT70.3769.76 1 247.77270.09 -8 PBT42.9450.77 -15 158.99198.34 -20 NP44.2847.19 -6 130.97172.97 -24 Powered by Capital Market - Live News