Gokaldas Q4 Results: Firm reports 54% jump in revenue growth

Company’s vice chairman & MD Sivaramakrishnan Ganapathi, said, “Our performance on a like-to-like basis, i.e. financial results excluding the recently acquired entities, reflects a strong performance. We overcame pricing pressure, one-time acquisition cost, increased statutory minimum wages and one-time startup cost at our new unit to deliver a strong . The acquisition of the two companies and aligns with our aim to integrate, diversify, and grow, while focusing on improving margins.

“We firmly believe that the strategic intent behind the recent will provide a solid foundation for . Both and have distinct advantages that complements well to the existing business. We are confident in productivity improvements resulting from geographic diversification, access to new customers, integrating existing customers, leveraging duty arbitrage, and strategic positioning.”

After acquisition of the two companies through a combination of , the company had a net debt of Rs. 336 crorer, as at the end of March 2024. Subsequently, the company raised equity capital of Rs. 600 crore through Qualified Institutional Placement (QIP) in April 2024, which has helped the Company to turn .