Home News Gokaldas Exports’ delivers a strong performance in FY23

Gokaldas Exports’ delivers a strong performance in FY23

by Our Corresspondent - May 26, 2023
Gokaldas Exports’ delivers a strong performance in FY23, News, KonexioNetwork.com

Bangalore: Gokaldas Exports Limited today declared its financial results for the year ended March 31, 2023. The Company reported consolidated net profit of ₹ 173.0 Cr, up by 47.7% compared to ₹ 117.1 Cr for the last year and reported a consolidated revenues of ₹ 2247.2 Cr for the year, up by 24.8% compared to ₹ 1801.0 Cr for the last year.

Key Highlights:

                                                                                                    (Figures in ₹ Crore)

Parameters

Q4 FY23

Q4 FY22

% Growth

FY23

FY22

% Growth

Total Income

530.1

  588.0

-9.8%

2247.2

1801.0

24.8%

EBITDA

    77.2 1

    79.5

-3.0%

      295.8 1

    216.2

36.8%

EBITDA Margin

14.6%

13.5%

103 bps

13.2%

12.0%

116 bps

Profit before tax

50.8

52.4

-3.1%

204.4

117.0

74.6%

Profit after Tax

    47.2

   60.9 2

-22.5%

    173.0

      117.1

47.7%


1 EBITDA is after considering ESOP charges of ₹ 5.1 Crore in Q4 FY23 and ₹ 23.0 Crore for FY 23 & excluding exceptional income of ₹ 6.05 Crore in FY23.
2 In FY22, deferred tax credit of ₹ 11.8 Crore for the full year was accounted in Q4 FY22, adjusting which the PAT for the Q4 FY22 was ₹ 49.2 Crore

Commenting on the company’s fourth quarter performance, Mr. Siva Ganapathi, Vice Chairman and Managing Director, Gokaldas Exports said, “Our performance is a testament to our dedicated team and unwavering commitment to excellence which have propelled us to new heights, delivering outstanding results in a challenging market environment globally. The government's emphasis on boosting exports through budget allocation and trade agreements will play a crucial role in driving the industry forward.” 

The company will continue to focus on optimal resource utilization and drive operational excellence in the coming quarters.
The Company is pleased to announce that the Board of Directors have recommended a final dividend of Re.1/- (one rupee only) per equity share (i.e., 20% of face value of Rs. 5 per equity share) for the financial year ended March 31, 2023, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.