Go Fashion (India) (GOCOLORS) Q4 19/20 earnings summary

Executive summary

• FY20 total revenue rose 36.91% to ₹39,838.86 lakh; profit after tax increased 44.22% to ₹5,263.41 lakh, supported by cost controls and process efficiencies.

• Business remained focused on apparel manufacturing and retail, with no change in business nature during the year.

Financial highlights

• Revenue from operations was ₹39,356.40 lakh versus ₹28,524.68 lakh; other income was ₹482.45 lakh versus ₹573.15 lakh.

• Profit before tax was ₹6,835.82 lakh versus ₹5,004.81 lakh; PAT was ₹5,263.41 lakh versus ₹3,649.40 lakh.

• Total expenses rose to ₹33,003.04 lakh from ₹24,093.02 lakh; depreciation and amortisation increased to ₹4,657.20 lakh, including ₹3,944.50 lakh depreciation on lease assets.

• Operating cash flow was ₹5,816.96 lakh versus ₹528.16 lakh; net cash fell to ₹616.35 lakh from ₹2,577.89 lakh.

• Inventory provision was ₹707.34 lakh and inventory write-offs were ₹345.52 lakh; both were charged in FY20.

Outlook and guidance

• Focus remained on fixed-cost control, liquidity preservation and close supply-chain monitoring; stores were reopening, with operations targeted to return to pre-COVID levels.

• Cost restructuring and efficiency improvements were credited with savings and supporting profitable growth.