Gokaldas Exports Q2 FY27 Results: Consolidated Net Profit ₹41.22 Crore on Total Income of ₹1,135 Crore
- Earnings
- apparel manufacturing
Reviewed byKeshav SehgalBlacklitt Research
Gokaldas Exports (NSE: GOKEX) reported consolidated total income of ₹1,135.04 crore and net profit of ₹41.22 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹780.62 crore and standalone net profit ₹51.66 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,135.04 crore, up 13.1% YoY and down 3.8% QoQ
- Net profit and EPS: ₹41.22 crore against ₹8.08 crore a year earlier; basic EPS ₹5.63 against ₹1.10
- Finance costs: ₹29.46 crore, up 32.3% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹780.62 crore, up 8.8% YoY and down 1.0% QoQ
- Net profit and EPS: ₹51.66 crore, down 2.7% YoY; basic EPS ₹7.05 against ₹7.25
- Finance costs: ₹11.83 crore, up 44.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,135.04 | 1,003.32 | +13.1% | 1,180.17 | -3.8% | |
| Revenue from operations | 1,112.80 | 984.35 | +13.0% | 1,153.51 | -3.5% |
| 41.22 | 8.08 | +410.0% | 44.30 | -6.9% | |
| Profit before tax | 49.50 | 18.72 | +164.4% | 62.83 | -21.2% |
| Finance costs | 29.46 | 22.26 | +32.3% | 30.51 | -3.4% |
| Depreciation | 48.11 | 42.59 | +13.0% | 45.81 | +5.0% |
| Tax expense | 8.28 | 10.64 | -22.2% | 18.54 | -55.4% |
| Net profit margin | 3.63% | 0.81% | +2.83 pp | 3.75% | -0.12 pp |
| EPS, basic (₹) | 5.63 | 1.10 | +411.8% | 6.05 | -6.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew far faster than total income: ₹41.22 crore against ₹8.08 crore a year earlier, a rise of 410.0%, while total income rose 13.1%. Profit before tax rose 164.4% to ₹49.50 crore, and tax expense fell from ₹10.64 crore to ₹8.28 crore, so net profit moved more than pre-tax profit.
Against the June quarter the direction reverses. Total income fell 3.8% to ₹1,135.04 crore from ₹1,180.17 crore, and net profit fell 6.9% from ₹44.30 crore. Depreciation rose 5.0% to ₹48.11 crore, and finance costs of ₹29.46 crore are 2.6% of total income.
Consolidated net profit of ₹41.22 crore is ₹10.44 crore lower than standalone net profit of ₹51.66 crore. The company says it reclassified job work charges to other expenses in this quarter and regrouped prior-period figures to match.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 780.62 | 717.64 | +8.8% | 788.33 | -1.0% | |
| Revenue from operations | 747.24 | 687.86 | +8.6% | 751.66 | -0.6% |
| 51.66 | 53.07 | -2.7% | 68.64 | -24.7% | |
| Profit before tax | 60.93 | 61.65 | -1.2% | 87.86 | -30.7% |
| Finance costs | 11.83 | 8.22 | +44.0% | 13.15 | -10.0% |
| Depreciation | 29.65 | 26.34 | +12.6% | 27.39 | +8.2% |
| Tax expense | 9.27 | 8.58 | +8.1% | 19.23 | -51.8% |
| Net profit margin | 6.62% | 7.39% | -0.78 pp | 8.71% | -2.09 pp |
| EPS, basic (₹) | 7.05 | 7.25 | -2.8% | 9.37 | -24.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 8.8% to ₹780.62 crore, but net profit fell 2.7% to ₹51.66 crore from ₹53.07 crore. Profit before tax was ₹60.93 crore against ₹61.65 crore, down 1.2%, and tax expense rose 8.1% to ₹9.27 crore.
Finance costs rose 44.0% to ₹11.83 crore from ₹8.22 crore. Against the June quarter, net profit fell 24.7% and basic EPS fell 24.8% to ₹7.05 from ₹9.37.
The statutory auditor, MSKA & Associates LLP, carried out a limited review of both sets of results and reported nothing that causes it to believe the statements contain a material misstatement. The consolidated review notes three subsidiaries not subject to review, with total assets of ₹8.99 crore. The statements report no exceptional item in the quarter.
Inference
The company holds 19% equity interest in BRFL Textiles Private Limited (BTPL). It subscribed to optionally convertible debentures of ₹225 crore in BTPL under an agreement dated 19 Jun 2024, carrying a cumulative coupon of 20.35% a year, and has extended corporate guarantees of ₹315 crore to banks on behalf of BTPL.
The equity shareholders of the company approved the amalgamation of BTPL with the company during this quarter, and the company says it is in process of obtaining the balance requisite approvals. The company says it has assessed that no impact needs to be recorded in these results. The timing of the remaining approvals, and what the scheme would mean for net worth, are not stated.
Filed with BSE on . Reference: Original filing (PDF)
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