Board approves September quarter and half year results; auditors issue limited review report
The Board met on November 05, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,11,279.54 | 98,435.36 | +13% | 1,15,351.37 | −3.5% |
| Total income | 1,13,503.90 | 1,00,331.60 | +13.1% | 1,18,017.13 | −3.8% |
| Profit before tax | 4,949.90 | 1,872.31 | +164% | 6,283.41 | −21.2% |
| Profit after tax | 4,122.40 | 808.36 | +410% | 4,429.82 | −6.9% |
| Total comprehensive income | 4,222.21 | (3,833.14) | — | 8,170.20 | −48.3% |
| Basic EPS | 5.63 | 1.10 | +412% | 6.05 | −6.9% |
- Total income (latest)
- 1,13,503.90 lakhs; year ago 1,00,331.60 (+13.1%); prev qtr 1,18,017.13 (−3.8%)
- Profit after tax (latest)
- 4,122.40 lakhs; year ago 808.36 (+410%); prev qtr 4,429.82 (−6.9%)
- Period
- Sep 30, 2026
Auditor's review
Conclusion: Unmodified
- Other matter: three unreviewed subsidiaries with total assets of Rs. 898.55 lakhs and quarterly net loss of Rs. 3.72 lakhs included based on management-certified results; conclusion not modified.
Notes to the results
- Company subscribed to OCDs of BRFL Textiles Pvt Ltd for Rs. 22,500 lakhs, gave corporate guarantees of Rs. 31,500 lakhs, and holds 19% equity interest in BTPL.
- Scheme of amalgamation of BRFL Textiles Pvt Ltd with the Company approved by equity shareholders during the quarter; balance requisite approvals awaited; no impact recorded.
- Job work charges reclassified to Other expenses; previous period figures regrouped.
Board meeting outcome
- The Board of Directors met on Thursday, November 05, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The Audit Committee reviewed the same results at its meeting on November 05, 2026.
- The company is engaged primarily in the business of manufacture and sale of apparels, and reports no separate reportable segments as per Ind AS 108.
Auditor's review
- MSKA & Associates LLP, Chartered Accountants, issued an Independent Auditor's Review Report on the consolidated unaudited financial results for the quarter and year-to-date ended September 30, 2026.
- The review was carried out under Standard on Review Engagements (SRE) 2410. A review consists mainly of inquiries and analytical procedures and is substantially narrower in scope than an audit, so the report states that the auditor does not express an audit opinion.
- The consolidated statement covers the holding company and 13 entities listed in the report, including overseas subsidiaries such as Gokaldas Exports FZCO (Dubai), Amibros S.A. (UAE), Atraco Logistics LLC (UAE), Ashton Mombasa Apparel EPZ Limited (Kenya) and Gokaldas Exports Corporation (USA).
Consolidated numbers (Rs. lakhs)
- Revenue from operations for the quarter ended September 30, 2026: 1,11,279.54, against 98,435.36 in the quarter ended September 30, 2025.
- Net profit for the period: 4,122.40, against 808.36 in the same quarter a year earlier.
- Half year: Revenue from operations 2,26,630.91 and Net profit for the period 8,552.22.
- Basic earnings per share for the quarter 5.63 and diluted 5.54.
Standalone numbers (Rs. lakhs)
- Revenue from operations for the quarter 74,723.71, against 68,785.86 in the quarter ended September 30, 2025.
- Net profit for the period 5,166.03, against 5,306.91 in the same quarter a year earlier.
- Half year: Revenue from operations 1,49,889.82 and Net profit for the period 12,029.65.
Balance sheet and cash
- Consolidated total equity stood at 2,29,522.68 as at September 30, 2026, against 2,16,039.93 as at March 31, 2026.
- Consolidated net cash flows from operating activities for the half year were 32,510.82.
Stake in BRFL Textiles
- Under an Investment Agreement dated June 19, 2024, the company subscribed to Optionally Convertible Debentures of face value Rs. 1,000 each, with a cumulative coupon of 20.35% per annum compounded annually, for a consideration of Rs. 22,500 lakhs.
- It has also extended corporate guarantees of Rs. 31,500 lakhs to banks on behalf of BRFL Textiles Private Limited.
- After conversion of compulsorily convertible preference shares into equity, the company holds a 19% equity interest in BRFL Textiles Private Limited as at September 30, 2026.
Amalgamation scheme
- The Board had approved a scheme of amalgamation of BRFL Textiles Private Limited with the company under Sections 230 to 232 of the Companies Act, 2013. During the quarter ended September 30, 2026, equity shareholders approved the scheme, and the company is in the process of obtaining the balance requisite approvals. The company has assessed that there is no impact that needs to be recorded in these results relating to the scheme.
Other points to note
- Job work charges have been reclassified to Other expenses, and the corresponding previous-year figures have been regrouped to match the current classification.
- The results are prepared under Indian Accounting Standards (Ind AS) and are available on the company's website as well as on the NSE and BSE websites.
What a retail investor can take away
- These are unaudited, limited-review interim results, not audited annual numbers.
- The consolidated revenue and profit for the quarter are higher than the corresponding quarter a year earlier, while the standalone net profit for the quarter is marginally lower than the year-earlier quarter.
- The numbers sit alongside a sizeable exposure to an associate group company, BRFL Textiles, through debentures, guarantees and a 19% equity interest, plus a pending amalgamation of that entity into the company.
Also from Gokaldas Exports
Gokaldas Exports to host Q2 FY27 earnings conference call on 6 November 2026 at 12:30 hrs
31 Oct 2026
Board meeting on November 05, 2026 to consider Q2 and H1 results
30 Oct 2026
More numbers
- Consolidated Revenue from operations, half year ended Sep 30, 20262,26,630.91 lakhs
- Consolidated Net profit for the period, half year ended Sep 30, 20268,552.22 lakhs
- Standalone Revenue from operations, quarter ended Sep 30, 202674,723.71 lakhs
- Standalone Net profit for the period, quarter ended Sep 30, 20265,166.03 lakhs
- Corporate guarantees extended to banks on behalf of BTPLRs. 31,500 lakhs
- Equity interest held in BRFL Textiles Private Limited19%
- Total income, latest quarter1,13,503.90 (Rs. lakhs)
- Total income, year-ago quarter1,00,331.60 (Rs. lakhs)
- Total income, previous quarter1,18,017.13 (Rs. lakhs)
- Total comprehensive income, latest quarter4,222.21 (Rs. lakhs)
- Total comprehensive income, year-ago quarter(3,833.14) (Rs. lakhs)
- Total comprehensive income, previous quarter8,170.20 (Rs. lakhs)
- Profit after tax, latest quarter4,122.40 (Rs. lakhs)
- Profit after tax, year-ago quarter808.36 (Rs. lakhs)
- Profit after tax, previous quarter4,429.82 (Rs. lakhs)
- Revenue from operations, latest quarter1,11,279.54 (Rs. lakhs)
- Revenue from operations, year-ago quarter98,435.36 (Rs. lakhs)
- Revenue from operations, previous quarter1,15,351.37 (Rs. lakhs)
- Profit before tax, latest quarter4,949.90 (Rs. lakhs)
- Profit before tax, year-ago quarter1,872.31 (Rs. lakhs)
- Profit before tax, previous quarter6,283.41 (Rs. lakhs)
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