Companies

Gokaldas Exports posts Rs 131 cr loss in 2011-12

Bangalore | Updated on May 21, 2012

Apparel exporter Gokaldas Exports losses have increased 40 per cent to Rs 131 crore during 2011-12.

The company's total revenues too, witnessed a drop of 10 per cent to Rs 1,030 crore during the year.

“The profit before tax has been impacted due to a one-time charge of Rs 46.6 crore, on account of the revised estimate of carrying value of old inventory, in the fourth quarter of the year,” said Mr Sunil Khandelwal, Chief Financial Officer.

Published on May 21, 2012

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