Financial Daily from THE HINDU group of publications
Friday, Jul 29, 2005
Financial Daily from THE HINDU group of publications Friday, Jul 29, 2005 |
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Corporate Results
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Readymade Garments Gokaldas net at Rs 11.63 cr Our Bureau
Bangalore , July 28 GOKALDAS Exports Ltd reported net profit of Rs 11.63 crore for the quarter ended June 30, 2005 and revenue of Rs 179.77 crore. Profit before interest, depreciation and tax stood at Rs 18.72 crore, achieving a margin of 10.41 per cent, amongst the highest in the apparel industry, said a company release.The company expects performance to be substantially higher from the second quarter with the commissioning of new factories in the first quarter. Total capacity has gone up to 294 lines by June 30, 2005, as against total capacity of 270 lines at the end of March 31, 2005. Indigo Blues, a new plant for denim bottoms with a capacity of 1,00,000 pieces per month, has also been commissioned. The company's total capex during the quarter was Rs 21.88 crore. "We are in the process of commissioning knitwear manufacturing facilities, thereby enhancing the product capabilities of the company," Mr Rajendra Hinduja, Executive Director, said.
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