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HomeMarketStocksGo Fashion (India) Q2 Reports: Firm reports PAT at Rs 19.3 crore

Go Fashion (India) Q2 Reports: Firm reports PAT at Rs 19.3 crore

(India) Ltd which owns the favored girls’s put on model ‘Go Colours’ has recorded a 3.76 per cent rise on its revenue after tax for the second quarter ending September 30, 2022 at Rs 19.3 crore, the corporate stated on Saturday. The corporate had registered revenue after tax at Rs 18.6 crore throughout corresponding quarter earlier yr.

Whole income through the quarter below overview stood at Rs 165.8 crore as in opposition to Rs 112.1 crore registered corresponding quarter final fiscal, the corporate stated. The cash flow from operations for the half yr interval ending September 30, 2022 stood at Rs 36 crore as in comparison with Rs 8 crore recorded in similar interval final yr.

In an announcement, the corporate clarified that the second quarter and half yearly efficiency in final monetary yr was impacted as a result of COVID-19 enforced lockdown.

Commenting on the monetary efficiency, Go Vogue (India) Ltd CEO Gautam Saraogi stated, “regardless of a difficult setting, the corporate has carried out nicely in Q2 and first half of FY2022-23. Our revenues for the second quarter grew by 48 per cent yr on yr to Rs 166 crore highest ever quarterly revenues at Go Vogue.”

“EBITDA (Earnings earlier than curiosity, taxes, depreciation and amortisation) grew by 250 per cent to Rs 102 crore and PAT stood at Rs 44 crore (for the half yr ending September 30, 2022). This has been on the again of excessive quantity development and improved product portfolio by frequently including new merchandise throughout all backside put on classes”, he stated.

“We proceed to put money into brand-building initiatives which can assist us to realize visibility and likewise to focus and develop our on-line gross sales channels to learn from evolving buyer traits in our market.” he stated.

Saraogi famous that the corporate was shifting forward with its growth plans by opening 120-130 new shops ever yr.

“We’re additionally taking a look at omni-channel engagements for a seamless client expertise, constructing on a expertise pushed development technique to succeed in client throughout all cities.”, he stated.

The corporate through the quarter ending September 30, 2022 opened 36 new shops and within the first six months of the monetary yr it added 66 shops. “That is in keeping with the expansion technique to open extra doorways nearer to the buyer..” he stated.

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