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The Bengaluru-headquartered firm reported Rs 588 crore in revenues and Rs 61 crore in internet revenue within the Jan-March 2022 quarter. As for the complete fiscal yr of 2021-22, the corporate recorded Rs 1801 crore in revenues and Rs 117 crore in internet revenue.
Gokaldas Exports managing director Siva Ganapathi stated the corporate was at the moment within the development part of its journey and the rise in demand post-pandemic had been helpful to the corporate. “Recording earnings quarter-on-quarter has been a giant enhance to drive our imaginative and prescient of being a globally reputed attire producer,” he stated.
“Our ‘Folks Energy’ has been our greatest power that steered innovation, high quality, consistency, and dedication on this monetary yr. As a number one producer and exporter of attire, we might constantly attempt to attain sustainable development,” Ganapathi stated.
In the course of the yr 2021-22, the corporate diminished its gross borrowings by Rs 302 crore to Rs. 63 crore.
The inventory closed, up 13.42%, at Rs 399.70 on the NSE.
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