Gokaldas Exports announces third quarter financial results
The company reported consolidated net profit of Rs 40.6 crore up by 34.8 per cent.
Gokaldas Exports declared its financial results for the quarter ended on December 31, 2022 where the company reported consolidated net profit of Rs 40.6 crore up by 34.8 per cent compared to Rs 30.1 crore of the corresponding quarter of last year and reported a consolidated revenues of Rs 528.1 crore during the quarter, up by 0.8 per cent compared to Rs 524.1 crore in the corresponding quarter of last year.
Commenting on the company’s third quarter result, Siva Ganapathi, Vice Chairman and Managing Director, of Gokaldas Exportssaid, “the third quarter performance demonstrates our continued strength and resilience when the industry is encountering challenging global macro-economic environment. We are optimistic about the future outlook for the industry. The government’s emphasis on boosting exports through investment schemes and trade agreements will play a supporting role in driving the industry forward.”
Established in 1979, Gokaldas Exports has evolved to become a one-stop solution for some of the world’s most recognized apparel brands. With an annual turnover of $ 250 million, GE is India’s largest manufacturer and exporter of apparels. Exporting to more than 50 countries, Gokaldas has 20+ production units, 15000+ advanced machines that produce 3.0 million garments in a month. ~30,000 employees of Gokaldas Exports work together to ensure Gokaldas Exports’ vision of being a globally reputed apparel manufacturer and exporter comes true with emphasis on innovation and sustainability.