Gokaldas Exports Share Price Drops Over 10% After Q2FY27 Results

Gokaldas Exports reported total income of ₹1,135 crore for the quarter ended September 30, 2026, compared with ₹1,003 crore a year earlier, as per exchange filings dated November 6, 2026.  

Income increased 13% year on year in a seasonally weak quarter. EBITDA rose to ₹127 crore from ₹84 crore a year earlier, an increase of 52%. The EBITDA margin stood at 11.2%, compared with 8.3% in Q2FY26, an improvement of 287 basis points.  

Profit before tax increased to ₹49 crore from ₹19 crore. Profit after tax was ₹41 crore, against ₹8 crore in the year-ago quarter. 

Business Performance 

India business income grew 10% year on year, which the company attributed to its order book and execution. Income from the Africa business increased 32%, on higher volumes and better realisations. 

Improved product mix and productivity gains supported EBITDA. However, the comparison was against a lower base in Q2FY26, when results were affected by US tariffs.  

Higher wages and factor costs, partly due to rising oil prices, restricted the improvement during the latest quarter. 

First-Half FY27 Results 

For the six months ended September 30, total income increased 17% to ₹2,315 crore from ₹1,980 crore a year earlier. India business income grew 13%, while Africa business income increased 39%. 

EBITDA for the first half rose 32% to ₹266 crore from ₹202 crore. The EBITDA margin improved to 11.5% from 10.2%, an increase of 129 basis points.  

Profit before tax grew 49% to ₹112 crore, while profit after tax increased 73% to ₹86 crore from ₹50 crore. The company operates more than 30 production units. 

Net Debt 

Net debt stood at ₹429 crore at the end of September 2026, compared with ₹553 crore as of March 2026, a reduction of ₹124 crore. 

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Gokaldas Exports Share Price Performance  

As of November 6, 2026, 10:47 am, Gokaldas Exports share price was trading at ₹661.55, a 10.23% decrease from its previous closing price. 

Conclusion 

For the first half of FY27, the company recorded 17% growth in total income and 73% growth in profit after tax. Net debt stood at ₹429 crore, down from ₹553 crore in March 2026. 

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