Gokaldas Exports Q3 PAT up 65% to Rs 50 crore, total income jumps 79%

Bengaluru-based garment exporter Gokaldas Exports has reported a 65% jump in profit after tax (PAT) for the quarter ended December 31, 2024 (Q3FY25), at Rs 50 crore, over Rs 30 crore recorded for the same period last year (Q3FY24). The jump in PAT came on top of a 79% jump in total income for the company at Rs 1001 crore, up from Rs 560 crore in the same period last year (Q3FY24).

The jump in both top line and bottom line at Gokaldas Exports indicates the consolidated entity turning a corner after its twin acquisitions of Atraco, and Matrix in FY24, the company said in a press statement.

Vice-chairman Sivaramakrishnan Ganapathi said: “In 3QFY25 Gokaldas Exports has reported significant jumps in our reported total income, PAT and EBITDA. We have crossed the Rs 1000 crore total income milestone for the first time in the quarter. EBITDA margins improved sequentially, indicating a healthy performance. We expect business volume to pick up in both the acquired entities in upcoming quarters with sustained stable performance of the company going forward.”

The EBITDA margin for the company stood at 11.9% for Q3FY25 and was at 11% for Q2Fy25. However, in the third quarter of the last financial year (Q3FY24), EBITDA margin was at 12.6%, indicating there is still some scope to improve its margins.

The boost in both total income and profitability for the company is also an indicator for the garment exports sector finally turning a corner after a few tough quarters.