"The demand scenario has been stable for the company as well as the garments sector though overall global economy continues to be sluggish. Our investment in relationship building efforts with the customers focused on quality and timeliness of deliveries has given an impetus to the performance of the company. This thrust will continue in future," Gokaldas Exports management said.
The company added that this has been a profitable quarter for the company with PBT of Rs 1.8 crore and it compares favorably versus a loss of Rs 34 crore in the corresponding quarter of previous year. EBIDTA for the quarter is Rs 17.4 crore which is a favorable swing of Rs 36.3 crore as compared to a loss of Rs 18.9 crore.
"We continue to see positive traction in the demand scenario in the second half of the year too. At the same time, high inflationary condition in the country is a key concern which would lead to higher wages as well as operational expenses affecting our competitiveness in the global markets. We have taken steps to sustain focus on productivity, cost management and measures to enhance profitability," Gokaldas management added.