Gokaldas Exports posts Q1 net profit of Rs 40.08 cr
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The company reported standalone net profit during the quarter stood at Rs 40.08 crore compared to net loss of Rs 2.50 crore in the previous year quarter. Net revenue of the company rose triple digit by 153.41 per cent at Rs 610.31 crore in April-June quarter of this fiscal as against Rs 240.84 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 141.28 per cent to Rs 538.22 crore from Rs 223.07 crore in year ago period.
Other Income grew by 41.29 per cent at Rs 2.84 crore versus (Jun'21 Rs 2.01 crore). Operating Profit surged by 305.68 per cent to Rs 72.09 crore as against Rs 17.77 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 60.03 per cent in June quarter. Interest declined by 36.16 per cent y-o-y to Rs 6.39 crore, while Taxation increased by 0.00 per cent at Rs 11.42 crore (Jun'21 Rs 0.00 crore).
