DBT Bureau
Pune, 9 Feb 2025
Gokaldas Exports registered a robust total income growth of 79% and 65% growth in profits on YoY basis in 3QFY25. The company, during the quarter ended December 31, 2024 reported a consolidated total income of Rs 1001 Crore compared to Rs 560 Crore in the same quarter last year and a consolidated profit after tax of Rs 50 Crore compared to Rs 30 Crore in the previous year 3QFY24.
Reported Consolidated Financial Performance:
In the Q3 of FY25, Gokaldas Exports reported strong financial growth, with total income reaching Rs 1001 crore, reflecting a remarkable 79% year-on-year increase and a 6% quarter-on-quarter rise. EBITDA for the quarter stood at Rs 117 crore, up by 66% YoY and 42% QoQ, while the EBITDA margin decreased marginally by 91 basis points compared to the previous year, settling at 11.7%. Profit Before Tax saw a 55% YoY and 89% QoQ increase, reaching Rs 67 crore. Profit After Tax grew by 65% YoY and 79% QoQ, amounting to Rs 50 crore. For the first nine months of FY25, the company achieved a significant 81% YoY growth in total income, reaching Rs 2882 crore, and a 45% increase in EBITDA, amounting to Rs 282 crore. PBT and PAT for the nine-month period grew by 20% and 22% respectively, indicating strong overall performance.
Gokaldas Exports (excluding acquired entities) reported a total income of Rs 664 crore, marking a 19% year-on-year growth and a 2% quarter-on-quarter increase. EBITDA for the quarter stood at Rs 79 crore, up by 12% YoY and 10% QoQ, while the EBITDA margin decreased by 65 basis points YoY, reaching 11.9%. For the first nine months of FY25, the company posted a total income of Rs 1896 crore, reflecting a 19% YoY growth. EBITDA for the nine-month period was Rs 207 crore, a 6% YoY increase, while the EBITDA margin decreased by 130 bps YoY, settling at 10.9%.
Commenting on the company’s third quarter, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports 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.”
