Gokaldas Exports Financial Results for Q2, FY25

Gokaldas Exports registered a robust topline growth of 85% and 19% growth in profits on YoY basis in 2QFY25. The company, during the quarter ended September 30, 2024 reported a consolidated total income of ₹ 941.8 Crore compared to ₹ 509.0 Crore in the same quarter last year and a consolidated profit after tax of ₹ 28.2 Crore compared to ₹ 23.7 Crore in the previous year 2QFY24. 

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. We expect better volume pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward.”

 

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