One of India’s largest organized apparel manufacturers Gokuldas Exports expects its future outlook to be positive as it has a strong order book for upcoming quarters. Revenues during the fourth quarter of FY21ended March increased to Rs 370 crore. It clocked a turnover of Rs 358 crore during the quarter while its profit after tax but before exceptional items increased to Rs 16 crore from Rs 6 crore in the year-ago period. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to Rs 38 crore from Rs 30 crore.

The company reduced its net debt by Rs 38 crore during the year FY21 to Rs 166 crore compared to Rs 204 crore as on March 31, 2020. Sivaramakrishnan Ganapati, Managing Director says, the company consciously reduced its exposure to Indian retail customers to minimize credit risk. It ensures high efficiency in its manufacturing process, controls its costs and improves connection with customers.