Gokaldas Exports Ltd Q3 net profit rises 65 percent to Rs 50 crore

Apparel maker Gokaldas Exports Ltd reported a 65 percent increase in net profit to Rs 50 crore ($5.7 million) for the third quarter ended December 2024, as against Rs 30 crore in the year ago quarter.

The company’s revenue for the quarter rose by 79 percent to Rs 988 crore, as against Rs 552 crore in the corresponding quarter of the previous fiscal year.

Commenting on the results, Sivaramakrishnan Ganapathi, managing director of Gokaldas Exports Ltd in a statement said, “n 3QFY25 Gokaldas Exports has reported significant jumps in our reported total income, PAT and EBITDA. We have crossed the Rs 1000 crore total income milestone for the first time in the quarter. EBITDA margins improved sequentially, indicating a healthy performance.”

“We expect business volume to pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward,” he added.

Founded in 1985, Gokaldas Exports is the largest manufacturer and exporter of apparels with over 23 garment production factories in India.