Gokaldas Exports Shares Surge 4% on Budget 2026 Hopes Despite Q3 Profit Dip
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CNBC TV18•01-02-2026, 09:22
Gokaldas Exports Shares Surge 4% on Budget 2026 Hopes Despite Q3 Profit Dip
- •Gokaldas Exports shares opened 4% higher, driven by anticipation of Budget 2026 announcements.
- •Q3FY26 consolidated profit plunged 72.43% year-on-year to ₹14.61 crore; revenue slipped 0.92%.
- •EBITDA declined 25.92%, with margins narrowing due to tariff impacts, though India operations grew 8%.
- •Management expects positive impact from India-EU FTA, planning increased capex and higher EU exports by 2027.
- •US and EU remain key markets; company faces EBITDA margin headwinds but maintains high single-digit margin outlook.
Why It Matters: Gokaldas Exports shares rose on future budget hopes, despite a significant Q3 profit decline and tariff pressures.
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