Gokaldas Exports Ltd posted a 19 per cent rise in net profit to US $ 3.3 million for the second quarter ending 30th September, compared to US $ 2.84 million in the same period last year.
The company’s revenue surged by 85 per cent to US $ 111.59 million, up from US $ 60.29 million in the corresponding quarter of the previous financial year.
Vice Chairman and Managing Director Sivaramakrishnan Ganapathi highlighted the strong performance, stating, “Both in the quarter and half-year, the company’s total income increased healthily, demonstrating consistent growth momentum. Since this is a seasonally lean time for the acquired firms, Gokaldas Exports accounted for the majority of the growth, with the exception of Atraco and Matrix.”
Ganapathi expressed optimism about the future, noting that higher volumes are expected from the acquired entities in the coming quarters, alongside stable company performance.
