Feedback

Go Fashion (India) Limited Announces Q1 2024 Financial Results

Mumbai, July 24, 2024 — Go Fashion (India) Limited has released its unaudited financial results for the quarter ended June 30, 2024. The results were approved during a Board of Directors meeting held on July 24, 2024, which commenced at 11:00 AM and concluded at 11:45 AM.

Key Highlights

Financial Performance:

  • Revenue from Operations: ₹22,009.37 lakhs
  • Other Income: ₹579.63 lakhs
  • Total Income: ₹22,589.00 lakhs
  • Profit Before Tax: ₹3,742.89 lakhs
  • Profit After Tax: ₹2,865.03 lakhs

Board Meeting Outcomes:

Approval of Financial Results:

  • The Board approved the unaudited financial results for the quarter ended June 30, 2024.
  • The financial results and the limited review report by Deloitte Haskins & Sells LLP will be available on the company's official website and the websites of BSE and NSE.

Limited Review Report:

  • Deloitte Haskins & Sells LLP conducted a review of the financial results. The review was performed in accordance with the Standard on Review Engagements (SRE) 2410, ensuring that the financial information was prepared in compliance with Indian Accounting Standards (Ind AS 34).

Detailed Financial Results

Standalone Financial Results for Q1 2024:

ParticularsQ1 2024 (Unaudited)Q4 2023 (Unaudited)Q1 2023 (Unaudited)FY 2024 (Audited)
Revenue from Operations₹22,009.37 lakhs₹18,174.31 lakhs₹19,010.33 lakhs₹76,282.80 lakhs
Other Income₹579.63 lakhs₹554.61 lakhs₹370.74 lakhs₹1,729.96 lakhs
Total Income₹22,589.00 lakhs₹18,728.92 lakhs₹19,381.07 lakhs₹78,012.76 lakhs
Total Expenses₹18,846.11 lakhs₹17,006.92 lakhs₹15,899.34 lakhs₹66,990.21 lakhs
Profit Before Tax₹3,742.89 lakhs₹1,722.00 lakhs₹3,481.73 lakhs₹11,022.55 lakhs
Profit After Tax₹2,865.03 lakhs₹1,305.15 lakhs₹2,627.95 lakhs₹8,277.61 lakhs
Total Comprehensive Income₹2,881.82 lakhs₹1,441.35 lakhs₹2,604.92 lakhs₹8,344.74 lakhs
Earnings Per Share (Basic & Diluted)₹5.30₹2.42₹4.87₹15.32

Management's Commentary:

Prakash Kumar Saraogi, Managing Director, commented, "We are pleased with our strong performance in the first quarter of 2024. Our consistent focus on operational efficiency and market expansion has yielded positive results. We remain committed to delivering value to our shareholders."

Compliance and Governance

Regulatory Adherence:

Go Fashion (India) Limited continues to uphold high standards of corporate governance by ensuring timely and transparent communication with stakeholders. The approval of the financial results and the auditor's review report are part of the company's commitment to regulatory compliance.

Notes:

0 Comments

Leave a comment