Gokaldas Exports shares fall after weak Q2; profit slumps 72%

Shares of Gokaldas Exports Ltd., which closed nearly 6% higher on Tuesday, opened lower on Wednesday, November 12, after the company reported a muted September-quarter performance, impacted by weakness in its Africa operations and margin pressures.

The company's consolidated revenue rose 5.9% year-on-year to ₹984 crore from ₹929 crore.

However, EBITDA declined 6.9% to ₹64.8 crore, while margins contracted to 6.6% from 7.5% a year ago.

Net profit fell sharply by 71.5% year-on-year to ₹8 crore from ₹28.1 crore.

Consolidated

	In (₹cr)
	Q2FY26	Q2FY25	YoY %
Revenue	984	929	5.92%
Ebitda	64.80	69.60	-6.90%
EBITDA margin	6.59%	7.49%
PAT	8	28.1	-71.53%

Gokaldas Exports said its Q2 performance was affected by lower volumes in its Africa business due to uncertainty surrounding the African Growth and Opportunity Act (AGOA) rollover.

Margins were also impacted by US tariffs, higher costs from setting up a new unit, and operating deleverage in Africa.

The company, however, remains optimistic, citing a strong order book build-up for the coming quarters across both its India and Africa businesses.