Gokul Agro Resources (GOKULAGRO) Q1 23/24 earnings summary

Executive summary

• Q1 FY24 consolidated revenue was Rs 246,886.39 lakh and net profit after tax was Rs 2,404.76 lakh; standalone revenue was Rs 235,750.45 lakh and net profit after tax was Rs 1,800.41 lakh.

• Board approved the unaudited Q1 results and changes to senior leadership, including appointments and re-appointments subject to shareholder approval where applicable.

Financial highlights

• Consolidated revenue from operations was Rs 246,886.39 lakh vs Rs 286,386.09 lakh in Q1 FY23; total income was Rs 247,606.99 lakh.

• Consolidated profit before tax was Rs 3,145.80 lakh and net profit after tax was Rs 2,404.76 lakh, vs Rs 3,722.15 lakh and Rs 2,826.84 lakh, respectively, in Q1 FY23.

• Standalone revenue from operations was Rs 235,750.45 lakh vs Rs 259,039.36 lakh in Q1 FY23; net profit after tax was Rs 1,800.41 lakh vs Rs 2,192.22 lakh.

• No exceptional items were recorded in Q1 FY24 in either standalone or consolidated results.

Segment performance

• Operations are primarily in agro-based commodities; results identify no separate reportable operating segments under Ind AS 108.