Gokaldas Exports LimitedQ1 FY27 Results & Financial Update
Gokaldas Exports Limited: Q1 FY27 consolidated results and company financials – revenue ₹1,153.51 Cr, PAT ₹44.30 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Gokaldas Exports Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Gokaldas Exports Limited reported consolidated revenue from operations of INR 1,153.51 crore for the quarter ended June 30, 2026, accompanied by total income of INR 1,180.17 crore.
The consolidated profit before tax for Q1 FY27 stood at INR 62.83 crore, while net profit for the period reached INR 44.29 crore, delivering a basic earnings per share of INR 6.05.
Total consolidated expenses for the quarter were INR 1,117.34 crore, reflecting material outlays towards raw material consumption, employee benefits, and production overheads to support execution.
Cost of materials consumed represented the largest expense component at INR 600.70 crore, while employee benefits expenses stood at INR 376.14 crore during the three-month period.
Depreciation and amortisation expenses for the quarter were recorded at INR 45.81 crore, and finance costs amounted to INR 30.51 crore, reflecting capital deployment and borrowing obligations.
Other income contributed INR 26.66 crore to the consolidated top line, bolstered by interest income from debentures and bank deposits as well as mutual fund investments.
Tax expenses for the quarter totalled INR 18.54 crore, comprising current tax of INR 23.75 crore offset by a deferred tax credit of INR 5.22 crore.
01 · Business model
What does Gokaldas Exports do?
Gokaldas Exports Limited is an established Indian manufacturer and exporter of apparel, servicing international fashion brands and retailers with comprehensive garment production solutions.
The company operates an extensive manufacturing footprint with multiple domestic production facilities and international manufacturing subsidiaries located across regions such as UAE, Kenya, and Ethiopia.
The operating model centers on large-scale cut-make-trim apparel manufacturing, leveraging integrated supply chains, skilled labour, and long-standing relationships with global fashion houses.
02 · Historical context
What shaped the business before this quarter
Previously on June 19, 2024, the company entered into an investment agreement to subscribe to optionally convertible debentures worth INR 22.50 crore in BRFL Textiles Private Limited (BTPL) alongside corporate guarantees.
Subsequently, the company acquired equity and preference shares in BTPL, holding a 19% equity interest as of June 30, 2026.
On August 9, 2025, the Board of Directors approved a scheme of amalgamation of BRFL Textiles Private Limited with Gokaldas Exports Limited.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1,153.51 Cr |
| Total income | ₹1,180.17 Cr |
| Profit before tax | ₹62.83 Cr |
| Profit after tax | ₹44.30 Cr |
| EPS | ₹5.75 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 3.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 5.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹26.66 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 1,153.51 crore was generated primarily from the manufacture and sale of garments to international retail and fashion customers.
Total income benefited from INR 13.04 crore in interest income from debentures, INR 6.18 crore from bank deposits and mutual funds, and INR 7.44 crore in other items.
What drove margins
Cost of materials consumed of INR 600.70 crore formed the primary direct cost head influencing gross margins during the quarter.
Employee benefits expenses of INR 376.14 crore reflected workforce costs across manufacturing plants and operating units.
Finance costs of INR 30.51 crore and depreciation charges of INR 45.81 crore impacted profitability below the operating line.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Ind AS 108, the group operates entirely in the manufacture and sale of apparels, with no separate reportable segments identified by the Chief Operating Decision Maker.
06 · Strategy & new businesses
How the company is trying to change its growth mix
During the quarter ended June 30, 2026, the company received an NCLT Mumbai Bench order to convene a meeting of equity shareholders to consider the scheme of amalgamation of BRFL Textiles Private Limited with the company, which was subsequently approved by members on July 31, 2026.
07 · Reported developments
What changed operationally
The company sustained positive profitability with a consolidated net profit of INR 44.30 crore for Q1 FY27.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
The company extended corporate guarantees amounting to INR 31.50 crore to banks on behalf of BTPL and held optionally convertible debentures issued by BTPL.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Expense Classification Reclassification
During the current quarter, the company reclassified job work charges to other expenses and regrouped corresponding previous period figures to conform to the new presentation.
10 · Key Q&A
The quarter, answered directly
What does Gokaldas Exports do?
Gokaldas Exports Limited is an established Indian manufacturer and exporter of apparel, servicing international fashion brands and retailers with comprehensive garment production solutions.
What is the clearest takeaway from Q1 FY27?
Gokaldas Exports Limited reported consolidated revenue from operations of INR 1,153.51 crore for the quarter ended June 30, 2026, accompanied by total income of INR 1,180.17 crore.
What drove revenue or demand?
Revenue from operations of INR 1,153.51 crore was generated primarily from the manufacture and sale of garments to international retail and fashion customers.
What mattered most for margins or profitability?
Cost of materials consumed of INR 600.70 crore formed the primary direct cost head influencing gross margins during the quarter.
What changed operationally beyond the headline numbers?
During the quarter ended June 30, 2026, the company received an NCLT Mumbai Bench order to convene a meeting of equity shareholders to consider the scheme of amalgamation of BRFL Textiles Private Limited with the company, which was subsequently approved by members on July 31, 2026.
What should the next disclosure help confirm?
Tracking the receipt of remaining statutory and regulatory approvals required to complete the amalgamation of BRFL Textiles Private Limited.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
BTPL Amalgamation Approvals: Tracking the receipt of remaining statutory and regulatory approvals required to complete the amalgamation of BRFL Textiles Private Limited.
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