Stock Report

Gokaldas Exports Ltd Q1FY22 consolidated loss at Rs. 2.55 crore



Posted On : 2021-07-30 16:10:58( TIMEZONE : IST )

Gokaldas Exports Ltd Q1FY22 consolidated loss at Rs. 2.55 crore

GOKALDAS EXPORTS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.242.98 crores during the period ended June 30, 2021 as compared to Rs.372.67 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.(2.55) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.16.03 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.(0.59) for the period ended June 30, 2021 as compared to Rs.3.55 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 242.98 crs₹ 372.67 crsDown Tick -34.8%
Net Profit₹ (2.55) crs₹ 16.03 crsDown Tick -115.91%
EPS₹ (0.59)₹ 3.55Down Tick -116.62%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.242.98 crores during the period ended June 30, 2021 as compared to Rs.237.29 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(2.55) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(4.25) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(0.59) for the period ended June 30, 2021 as compared to Rs.(0.99) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 242.98 crs₹ 237.29 crsUp Tick 2.4%
Net Profit₹ (2.55) crs₹ (4.25) crsDown Tick -40%
EPS₹ (0.59)₹ (0.99)Down Tick -40.4%

As per the directive of the State Government, the company's manufacturing units were completely shut to severely restricted between 29th April 2021 and 4th July 2021. Following Government directives, the operations remained shut for most of May 2021 and worked at 30% capacity in June 2021. The Company resumed full operations from 5th July, 2021.

The Company successfully managed to realign its deliveries consequent to the disruption and is in the process of catching up on its Q1 production loss.

With strong order book and units running at full capacity, the Company expects to quickly bounce back from the effect of lockdown in Q1.

Shares of GOKALDAS EXPORTS LTD. was last trading in BSE at Rs. 200.3 as compared to the previous close of Rs. 202.5. The total number of shares traded during the day was 21527 in over 779 trades.

The stock hit an intraday high of Rs. 207.55 and intraday low of 198.05. The net turnover during the day was Rs. 4371741.

Source : Equity Bulls

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