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Gokaldas Exports (GOKEX) investor relations material
Gokaldas Exports Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY2024/FY2026 total income was INR 998 crore, flat year-over-year, with India operations growing 8% YoY despite U.S. tariff headwinds, while Africa was impacted by AGOA expiry and supply chain issues.
EBITDA for Q3 was INR 96 crore, down 18% YoY, mainly due to sharing U.S. tariff burden with customers, but margins improved sequentially.
For 9MFY26, total income grew 3% YoY to INR 2,978 crore, with Indian business up 13% YoY, outperforming the industry.
Board approved unaudited financial results for the quarter and nine months ended December 31, 2025, with review by the Audit Committee and statutory auditors.
Financials prepared in accordance with Ind-AS and relevant Indian regulations.
Financial highlights
Q3 revenue was INR 998 crore (flat YoY), with India up 8% YoY and Africa down due to AGOA and supply chain disruptions.
Q3 EBITDA was INR 96 crore, down 18% YoY; adjusted EBITDA margin at 13.1%, reported margin at 9.7%.
9MFY26 revenue was INR 2,978 crore, up 3% YoY; EBITDA INR 299 crore, up 6% YoY; EBITDA margin at 10.0%.
Consolidated net profit for nine months: INR 6,417.01 lakhs, up from INR 3,334.29 lakhs YoY.
Net debt as of Dec 31, 2025, was INR 395 crore, up INR 237 crore YTD, mainly due to capex and investment in BTPL.
Outlook and guidance
Strong order book visibility for both India and Africa businesses in upcoming quarters.
Africa margins expected to recover to 7-8% in H1 FY2027 and 10% in H2 as order book and utilization improve.
India-EU and India-UK FTAs expected to provide significant long-term market access and duty advantages.
Long-term EBITDA margin guidance: 12-13% for India, 10-11% for Africa, assuming FTAs and tariff normalization.
Impact of new Indian Labour Codes recognized as a one-time increase in employee benefit provisions; further impact to be evaluated upon notification of final rules.
- TimeTickerHeadlineOpen
- DNLM
Sales and digital growth, margin expansion, and strategic investments drive strong FY25 results. - DNLM
Sales up 3.8% to £1,771m, profit before tax £211m, digital sales 40%, market share 7.9%. - 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact. - 8053
Profit attributable to owners dipped 1.9% despite higher revenues and strong FX gains. - 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast.
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