Gokaldas Exports surges 18% in two days on robust Q4 performance

Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit in Q4.

Shares of Gokdaldas Exports were up 4 per cent at Rs 416.50 on the BSE in Monday’s intra-day trade, surging 18 per cent in the past two trading days after the company reported a robust performance in the March quarter (Q4FY22).

Its consolidated earnings before interest, taxes, depreciation, and amortization (ebitda) margin improved 170 bps QoQ and 365 bps YoY to 13.1 per cent on account of positive operating leverage.

The stock of the garments & apparels company had hit a record high of Rs 438 on March 31, 2022. At 09:41 AM; it was up 2 per