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Go Fashion (India) : Q1 2024 Financial Quarterly Report : YoY Sales Up 15.78 %, QoQ Up 21.1 %

July 24, 2024July 24, 2024| adminadmin| 0 Comments| 9:05 pm
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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 15.78 % in the past year, substantial increase in net sales/revenue by 21.1 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 56.35 %. Marginal increase in other income during this quarter, up by 4.51%.
  • Profit over the Year and quarter: Significant improvement in profitability for Go Fashion (India) Limited. Notable increase of 9.02 % in net profit Year to Year, Go Fashion (India) Limited’s profitability increased by 119.51 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 8.83 % Year to Year. EPS increased by 119.01 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Go Fashion (India) Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 190.103 Cr Rs. 181.743 Cr Rs. 220.094 Cr + 21.1 % + 15.78 %
Expenses Rs. 125.88 Cr Rs. 127.84 Cr Rs. 147.95 Cr + 15.73 % + 17.53 %
Operating Profit Rs. 64.22 Cr Rs. 53.9 Cr Rs. 72.14 Cr + 33.84 % + 12.33 %
OPM % 33.78 % 29.66 % 32.78 % + 3.12 % -1 %
Other Income Rs. 3.707 Cr Rs. 5.546 Cr Rs. 5.796 Cr + 4.51 % + 56.35 %
Interest Rs. 8.21 Cr Rs. 11.5 Cr Rs. 11.04 Cr -4 % + 34.47 %
Depreciation Rs. 24.9 Cr Rs. 30.73 Cr Rs. 29.47 Cr -4.1 % + 18.35 %
Profit before tax Rs. 34.82 Cr Rs. 17.22 Cr Rs. 37.43 Cr + 117.36 % + 7.5 %
Tax % 24.52 % 24.21 % 23.46 % -0.75 % -1.06 %
Net Profit Rs. 26.28 Cr Rs. 13.05 Cr Rs. 28.65 Cr + 119.54 % + 9.02 %
EPS in Rs Rs. 4.87 Rs. 2.42 Rs. 5.3 + 119.01 % + 8.83 %


Today, we’re looking at Go Fashion (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.78 %. However, it did see a marginal increase of 21.1 % from the previous quarter. Expenses ticked up slightly by 15.73 % quarter-on-quarter, aligning with the annual rise of 17.53 %. Operating profit, while up 12.33 % compared to last year, faced a quarter-on-quarter increase of 33.84 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1 %, but an expansion of 3.12 % sequentially. Other income rose by 4.51 % compared to the last quarter, despite an annual growth of 56.35 %. Interest expenses dropped significantly by -4 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.47 %. Depreciation costs fell by -4.1 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.35 %. Profit before tax grew annually by 7.5 % but saw an increase from the preceding quarter by 117.36 %.
Tax expenses as a percentage of profits decreased slightly by -1.06 % compared to last year, with a more notable quarter-on-quarter decrease of -0.75 %. Net profit rose by 9.02 % year-on-year but experienced a 119.54 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.83 % but a quarterly rise of 119.01 %. In summary, Go Fashion (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 190.103 Cr Rs. 181.743 Cr Rs. 220.094 Cr + 21.1 % + 15.78 %
Expenses Rs. 125.88 Cr Rs. 127.84 Cr Rs. 147.95 Cr + 15.73 % + 17.53 %
Operating Profit Rs. 64.22 Cr Rs. 53.9 Cr Rs. 72.14 Cr + 33.84 % + 12.33 %
Net Profit Rs. 26.28 Cr Rs. 13.05 Cr Rs. 28.65 Cr + 119.54 % + 9.02 %
EPS in Rs Rs. 4.87 Rs. 2.42 Rs. 5.3 + 119.01 % + 8.83 %


In reviewing Go Fashion (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.78 % year-on-year growth, however, there was a minor increase of 21.1 % from the previous quarter. Expenses rose by 17.53 % compared to the previous year, with a 15.73 % increase quarter-on-quarter. Operating Profit surged by 12.33 % annually, and saw a 33.84 % increase from the last quarter.
Net Profit showed yearly increase of 9.02 %, and experienced a 119.54 % increase from the previous quarter. Earnings Per Share (EPS) rose by 8.83 % annually, however rose by 119.01 % compared to the last quarter. In essence, while Go Fashion (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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