Gokaldas Exports Posts 7 Per Cent Q2 Growth Despite Headwinds

13 Nov 2025 CW Team

Gokaldas Exports reported consolidated total income of Rs 10.03 billion in Q2 FY26, marking a 7 per cent year-on-year increase despite continued pressure from US tariff sharing and uncertainty around the African Growth and Opportunity Act (AGOA). India operations delivered a robust 14 per cent rise in revenue even as national apparel exports declined by 2 per cent, while Africa operations saw a 23 per cent drop due to delayed order placements linked to AGOA rollover concerns.

The company posted EBITDA of Rs 840 million, maintaining flat year-on-year performance as prudent cost control and productivity gains helped offset external challenges.

Key Consolidated Highlights (Q2FY26)

Total income: Rs 10.03 billion, up 7 per cent YoY

EBITDA: Rs 840 million, flat YoY

EBITDA margin: 8.3 per cent vs 12.1 per cent in Q1FY26

PAT: Rs 80 million, down 71 per cent YoY

For H1 FY26, total income stood at Rs 19.80 billion, up 5 per cent, while EBITDA reached Rs 1.66 billion, representing a 15 per cent increase.

Commenting on the results, Mr Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director, said:

“Our Q2 performance was modest, impacted by low volumes in Africa due to AGOA rollover uncertainty, while India operations remained strong. EBITDA margins remained flat year-on-year due to operating deleverage in Africa, US tariff impact, and start-up costs for new units. Despite these challenges, we see a strong order book building in both India and Africa, depending on the possible reinstatement of AGOA.”

Gokaldas Exports remains cautiously optimistic, backed by a healthy order pipeline and stabilising market conditions across key geographies.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..