Gokul Agro Resources (GOKULAGRO) Q3 23/24 earnings summary

Executive summary

• Q3 consolidated revenue rose versus the prior-year quarter, while consolidated net profit and EPS were lower; 9M revenue increased while net profit was lower YoY.

• Acquisition of Riya Agro Industries Private Limited is intended to expand the oils and seeds product line.

Financial highlights

• Q3 consolidated revenue from operations was Rs. 334,561.33 lacs vs Rs. 274,276.88 lacs YoY; net profit after tax was Rs. 3,367.93 lacs vs Rs. 3,683.06 lacs.

• 9M consolidated revenue from operations was Rs. 993,342.60 lacs vs Rs. 838,169.07 lacs; net profit after tax was Rs. 9,152.11 lacs vs Rs. 9,457.98 lacs.

• Q3 standalone revenue from operations was Rs. 306,232.36 lacs vs Rs. 254,750.71 lacs YoY; net profit after tax was Rs. 2,578.03 lacs vs Rs. 2,919.29 lacs.

• 9M standalone revenue from operations was Rs. 942,022.27 lacs vs Rs. 765,899.71 lacs; net profit after tax was Rs. 7,063.61 lacs vs Rs. 7,351.99 lacs.

Outlook and guidance

• Acquisition of Riya Agro Industries is aimed at expanding the oils and seeds product line.