Gokaldas Exports clocks 19% jump in PAT, amid US tariff uncertainties
Bengaluru-based garment exporter Gokaldas Exports has reported a 19% jump in its consolidated profit after tax (PAT) for the quarter ended March 31, 2025 at Rs 53 crore, over Rs 44 crore recorded for the March quarter of fiscal year 2023-24.
ADVERTISEMENT The total income for the March 31, quarter of the fiscal year 2024-25 has also grown by 27% to Rs 1035 crore, over Rs 818 crore recorded for the same period of last financial year.
For the full year 2024-25, the company recorded a consolidated PAT of Rs 159 crore, a 21% growth over Rs 131 in 2023-24. The consolidated revenue grew 63% in 2024-25 to Rs 3917, the highest ever from Rs 2409 in fiscal year 2023-24.
Commenting on the results, the company's vice chairman and managing director Siva Ganapthi said this was a year of consolidation of its acquisitions.The company had acquired two companies, UAE based apparel maker Atraco, and the Indian knitwear maker Matrix design during financial year 2024, followed by a strategic investment in BRFL Textiles in June 2024. Ganapathi said: ''The year marks an important milestone for Gokaldas Exports as it was a period of consolidation of the acquisitions. We reported a healthy growth in total income and profits for the full year as well as the quarter.'
ADVERTISEMENT Gokaldas Export's reported EBITDA also improved significantly in the quarter ended March 31, 2025, at Rs 142 crore, which is a 58% jump on Rs 90 crore recorded for the same quarter of the previous FY. The EBITDA margin has also improved 272 bps to 13.7% in Q4FY25 over 11% in Q4FY24.Ganapathi added: 'There is a considerable amount of effort required to improve the margins further over the next few years as we continue to consolidate and grow the business.'
ADVERTISEMENT These results came as a booster for the widely-held company facing uncertainties around the imposition of higher tariff by the US government on all imports.
Ganapathi said: 'As we step into FY2026, the reciprocal tariff imposed by the US poses a formidable challenge by inducing business volatility and margin pressure. The recently concluded India-UK FTA, however, presents an opportunity as and when it is implemented.'
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