Gokaldas Exports hits record high; zooms 38% in 4 days on strong Q4 results

With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free.

Shares of Gokdaldas Exports hit a record high of Rs 485, on rallying 12 per cent on the BSE in Thursday’s intra-day trade. The stock of the company has zoomed 38 per cent in the past four trading days after it reported the best quarterly performance driven by growing order book and ability to weather supply chain disruptions.

The garments & apparel maker’s consolidated profit after tax (PAT) more-than-doubled to Rs 61 crore in March quarter (Q4FY22) as against Rs 16 crore in the corresponding quarter last year.

Its consolidated earnings before interest, taxes, depreciation, and amortization (ebitda)