Gokaldas Exports zooms 16%, hits over 3-year high on strong Q4 results

The company said it has a strong order book for the coming quarters based on consistent execution and strong credibility in the eyes of its customers

Shares of Gokaldas Exports hit an over three-year high of Rs 122.5 apiece after they rallied 16 per cent in Monday's intra-day trade on the BSE after the company's profit after tax (PAT) jumped three-fold at Rs 16 crore for quarter ended March 2021 (Q4FY21) on the back of strong operational performance. It had posted PAT of Rs 6 crore in Q4FY20. The stock of the textiles company was trading at its highest level since January 2018.

In Q4FY21, the company's revenue from operations grew 3.3 per cent to Rs 369.90 crore from Rs 357.90 crore in the corresponding quarter