Outcome of Board meeting held on May 22, 2026
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Gokaldas Exports reported FY26 consolidated revenue of Rs 3,98,764 lakhs, up 3.2% from Rs 3,86,424 lakhs in FY25. However, consolidated net profit fell sharply to Rs 10,013 lakhs from Rs 15,854 lakhs in FY25, representing a 36.8% decline. Standalone net profit grew 6.6% to Rs 20,393 lakhs. The Board approved enhancing the corporate guarantee limit for BRFL Textiles Private Limited from Rs 300 Crores to Rs 400 Crores for its working capital and term loan facilities. The statutory auditors MSKA & Associates LLP issued unmodified (clean) audit opinions on both standalone and consolidated financial results. The company holds 19% equity in BRFL Textiles, with an ongoing scheme to amalgamate BRFL with Gokaldas Exports pending regulatory approvals.
The sharp 36.8% decline in consolidated net profit is a significant concern for shareholders, despite clean audit opinions. The increased contingent liability from the Rs 400 Crore corporate guarantee adds risk exposure for the company.