Gokaldas Exports Q3FY26 Total Income Steady at ₹998 Cr Amidst US Tariff Impact
Gokaldas Exports reported Q3FY26 consolidated total income of ₹998 crore, steady year-on-year. India operations grew 8% YoY. EBITDA was ₹96 crore with margins at 9.7%, impacted by US tariffs. For 9MFY26, total income rose 3% to ₹2978 crore, and EBITDA increased 6% to ₹299 crore.
The results show steady top-line performance but a noticeable dip in profitability due to external factors like US tariffs. This indicates a moderate impact on the company's financial health and future outlook.
The company's total income remained steady year-on-year, indicating resilience amidst challenges like US tariffs. However, EBITDA and PAT saw a decline, suggesting mixed performance.
Gokaldas Exports Limited (GEL) announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The company's consolidated total income for Q3FY26 stood at ₹998 crore, remaining steady year-on-year despite the full impact of US tariffs. India operations continued their growth momentum, achieving 8% year-on-year growth, while the African business faced headwinds from AGOA uncertainty and supply chain delays, though it improved sequentially.
The company reported an EBITDA of ₹96 crore for Q3FY26, with margins at 9.7%. The EBITDA margin was impacted by US tariff rebates, but this was largely offset by productivity gains, a strong order book, and effective cost management.
For the nine months ended FY26, total income was ₹2978 crore, a 3% increase year-on-year. EBITDA for the nine-month period stood at ₹299 crore, up 6% year-on-year, with margins at 10.0%.
Mr. Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director, commented that the India operations' growth was notable given the US tariff impact. He expressed optimism about the African business with a possible renewal of AGOA and a stronger order book. He also reiterated that while US tariffs affected margins, productivity gains and cost management measures helped mitigate the impact.
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