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Gokaldas Exports’ Q4 profit up amid rising expenses

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Mumbai, May 22: Apparel manufacturer and exporter Gokaldas Exports Limited on Thursday reported a strong performance in the fourth quarter (Q4) of FY25, with its consolidated net profit soared over 19.3 per cent year-on-year (YoY) to Rs 52.86 crore, compared to Rs 44.28 crore in Q4 FY24.

The company’s profit before tax (PBT) also surged by 84 per cent YoY to Rs 79 crore in the last quarter of the FY25.

However, the quarter also saw a notable rise in total expenses, which increased by 23.32 per cent (on-year) to Rs 955.8 crore in Q4 FY25 from Rs 775.03 crore in Q4 FY24.

Despite this, the company’s revenue from operations rose by nearly 25 per cent to Rs 1,015.33 crore — helping it maintain the strong overall financial health.

The company’s total income for the quarter rose by 27 per cent to Rs 1,035 crore, driven by productivity improvements and robust cost management.

Despite a rise in expenses, the company managed to boost its profitability and strengthen its margins, with EBITDA margins improving by 272 basis points compared to the same period last year.

For the full financial year 2025, Gokaldas Exports achieved its highest-ever total income of Rs 3,917 crore, marking a 63 per cent increase from the previous financial year.

Profit before tax for the year grew by 37 per cent to Rs 218 crore in FY25, according to its stock exchange filing.

Commenting on the results, Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, said, “FY25 was a significant year for us as we consolidated acquisitions and delivered healthy growth in income and profits.”

“While we face challenges like the reciprocal tariff imposed by the US that could impact margins, opportunities such as the India-UK Free Trade Agreement provide optimism for future growth,” he added.

Established in 1979, Gokaldas Exports is one of India’s largest apparel manufacturers and exporters, supplying to more than 50 countries worldwide.

With over 30 production units and a workforce of more than 51,000 employees, the company produces approximately 87 million garments annually.

National

Centre issues Census notification: J&K, Ladakh, Himachal, U’Khand in 2026, rest in 2027

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New Delhi, June 16: The Union Home Ministry on Monday issued the official notification for conducting the population census in the country.

The Census, which will also include humongous data collection, including the caste details, will be conducted in two phases.

The first phase will cover the union territories of Jammu and Kashmir and Ladakh, and two hilly states — Himachal Pradesh and Uttarakhand — beginning on October 1, 2016.

The second phase will kick off on March 1, 2027.

The Home Ministry notification issued under Section 3 of the Census Act, 1948 (37 of 1948), said, “A census of the population shall be undertaken during the year 2027. The reference date for the said census shall be 00.00 hours of March 1, 2027, except for the Union territory of Ladakh and snow-bound non-synchronous areas of the Union territory of Jammu and Kashmir and the States of Himachal Pradesh and Uttarakhand.”

“In respect of the Union territory of Ladakh and snow-bound non-synchronous areas of the Union territory of Jammu and Kashmir and the States of Himachal Pradesh and Uttarakhand, the reference date shall be 00:00 hours of October 1, 2026,” it added.

Notably, this is the first time that caste enumeration will be made part of the mammoth Census exercise. The Centre, in a recent cabinet meeting, had given clearance for caste enumeration in the Census, reasoning that it would enable the Central government to frame policies with better precision and also make it target-oriented.

The green light for caste-based Census also stirred political fight as the Congress claimed that the Modi government was forced to include its idea of social justice and social empowerment. The BJP mocked the Opposition, claiming that the latter only claimed to be champions for the Backward Classes, but it was the NDA government, which was effecting a decisive change at the ground level.

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International

Iran-Israel conflict: JKSA urges PM Modi for urgent evacuation of stranded Kashmiri students

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New Delhi, June 16: As tensions intensify between Iran and Israel, the Indian Government has initiated the relocation of Indian students, including those from Jammu and Kashmir (J&K), from high-risk zones in Iran.

Meanwhile, the Jammu and Kashmir Students’ Association (JKSA) has made an urgent appeal to Prime Minister Narendra Modi, seeking immediate intervention for the evacuation of hundreds of Kashmiri students stranded in Iran.

In a letter addressed to Prime Minister Modi on Monday, the JKSA expressed “grave concern” over the deteriorating security situation in Iran following Israeli airstrikes on Iranian nuclear sites and other key defence and energy infrastructure and retaliatory missile attacks by Iran.

The escalation has left Indian students — including those from Kashmir — vulnerable, scared, and exposed to life-threatening dangers.

“These students had gone to Iran to pursue professional education, especially MBBS, owing to its affordable infrastructure,” the letter read. “Now, they are caught in an active military zone, traumatised and desperate for safety.”

According to the JKSA, a recent drone attack near the Hujjatdost Dormitory of Tehran University of Medical Sciences left two Kashmiri students injured. Both are reportedly in a stable condition and have been shifted to Ramsar, a safer location, by university officials.

Students have described harrowing scenes of airstrike sirens, tremors, and intensified military activity near campuses and hostels.

The JKSA said students enrolled in various Iranian universities —especially in Tehran, Qom, and other high-alert regions — are “hearing continuous sounds of strikes and air defence systems.” Many are facing psychological distress, while their families in India remain anxious and fearful.

It is pertinent to note here that Tehran on Monday responded positively to India’s request for assistance in evacuating Indian citizens, particularly students stranded in Iranian cities.

While Iran’s airspace remains closed due to ongoing military action, the Iranian government has assured that all land borders are open and available for safe passage.

According to media reports, the Foreign Minister of Iran gave the green light to India’s diplomatic mission and extended help for the safe evacuation of diplomats and civilians.

“Given the current condition and the closure of the country’s airports, as well as the request of many political missions to transfer their diplomats and nationals abroad, we inform that all land borders are open for crossing,” it said.

Similarly, the Indian Embassy in Iran on Saturday said on X, “In view of the current situation in Iran, all Indian nationals and persons of Indian origin in Iran are requested to remain vigilant, avoid all unnecessary movements, follow the Embassy’s Social Media accounts and observe safety protocols as advised by local authorities.”

The Indian Embassy has been putting up the advisory for all Indian nationals and Persons of Indian Origin currently in Iran and has been sharing the emergency contact numbers, for the safety of Indians residing in Iran.

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disaster

Ahmedabad plane crash: Probe intensifies after 2nd black box recovered

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Ahmedabad, June 16: After the second black box, which is a critical component in determining the cause of the crash, was recovered, the investigators have intensified the probe in the Air India crash case.

The Cockpit Voice Recorder (CVR), commonly referred to as the second black box, was retrieved from the cockpit section of the wreckage.

This comes days after the Flight Data Recorder (FDR) was recovered from the tail end of the aircraft. The Cockpit Voice Recorder (CVR) captures all audio inside the cockpit, including conversations between pilots, radio transmissions, alarm sounds, and any background noise in the final moments before a crash.

It is a crucial tool for investigators, as it helps reconstruct the crew’s decision-making, identify possible human errors or mechanical warnings, and determine the sequence of events that led to an aviation incident.

Officials from the Aircraft Accident Investigation Bureau (AAIB) confirmed the findings, noting that both devices are in the process of being analysed. The CVR is expected to provide crucial insights into the final moments of the flight, including pilot communication and cockpit sounds, which may help investigators piece together the chain of events leading up to the tragedy.

The recovery was also acknowledged by P.K. Mishra, Principal Secretary to Prime Minister Narendra Modi, who visited the crash site on Sunday. During his visit, he reviewed ongoing investigation efforts and later went to the Civil Hospital, where injured passengers and local residents are being treated.

The death toll from the catastrophic Air India crash in Meghaninagar has risen to 270, officials have said. Among the deceased are 241 passengers who were on board the ill-fated flight, as well as several others who were present in nearby hostels, mess halls, and the surrounding residential area when the aircraft went down.

Meanwhile, the Gujarat government has declared a one-day state mourning on Monday in the state as a mark of respect to former Chief Minister Vijay Rupani, who lost his life in the Air India plane crash in Ahmedabad on June 12. All official functions and celebrations will remain suspended during the mourning period, and the national flag will be flown at half-mast across government buildings.

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