The Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q2 FY25 was ₹82.4 crore (~$9.77 million), reflecting a 48 per cent YoY growth from ₹55.8 crore in Q2 FY24. The EBITDA margin for Q2 FY25 was 8.7 per cent, down by 222 basis points (bps) YoY from 11.0 per cent, Gokaldas stated in a press release.
Gokaldas Exports has reported an 85 per cent YoY revenue increase in Q2 FY25, with total income reaching ₹941.8 crore (~$111.6 million) and PAT at ₹28.2 crore, a 19 per cent rise.
EBITDA grew 48 per cent to ₹82.4 crore (~$9.77 million), though margins declined by 222 bps to 8.7 per cent.
H1 FY25 revenue surged 82 per cent to ₹1,881.5 crore (~$223.0 million), with PAT slightly down by 2 per cent YoY.
The profit before tax (PBT) in Q2 FY25 was ₹35.6 crore, showing a 21 per cent YoY growth from ₹29.3 crore in Q2 FY24. The profit after tax (PAT) in Q2 FY25 reached ₹28.2 crore, marking a 19 per cent YoY increase from ₹23.7 crore in Q2 FY24.
“We reported healthy growth in total income both in the quarter and half year indicating a sustained growth momentum. Most 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,” said Sivaramakrishnan Ganapathi, vice chairman and managing director of Gokaldas Exports.
Six months (H1) financials
For the first half (H1) of FY25, the total income of the company amounted to ₹1,881.5 crore (~$223.0 million), marking a significant growth of 82 per cent compared to ₹1,031.2 crore in H1 FY24. EBITDA stood at ₹164.9 crore, up 33 per cent from ₹123.6 crore in the same period last year and EBITDA margin was 8.8 per cent, a decline of 322 bps from 12.0 per cent in H1 FY24. PBT was ₹71.7 crore, nearly flat with a slight 1 per cent decrease compared to ₹72.5 crore in the prior year. PAT for H1 stood at ₹55.3 crore, slightly down by 2 per cent compared to ₹56.3 crore in H1 FY24, the press release added.
Fibre2Fashion News Desk (SG)