Go Fashion Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 03:04 am
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Go Fashion (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,767.42 million compared to INR 1,419.97 million a year ago. Revenue was INR 1,794.28 million compared to INR 1,452.2 million a year ago. Net income was INR 243.14 million compared to INR 236.92 million a year ago. Basic earnings per share from continuing operations was INR 4.5 compared to INR 4.48 a year ago. Diluted earnings per share from continuing operations was INR 4.5 compared to INR 4.48 a year ago.
For the nine months, sales was INR 5,076.92 million compared to INR 2,850.69 million a year ago. Revenue was INR 5,169.96 million compared to INR 3,026.59 million a year ago. Net income was INR 680.22 million compared to INR 233 million a year ago. Basic earnings per share from continuing operations was INR 12.59 compared to INR 4.44 a year ago. Diluted earnings per share from continuing operations was INR 12.59 compared to INR 4.44 a year ago.
Go Fashion (India) Limited is an India-based company, which specializes in women's bottom wear. The Company is engaged in the development, design, sourcing, marketing and retail operations under the Go Colors brand. The Company offers a range of bottom wear products, including churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers and jeggings, across categories like ethnic wear, western wear, fusion wear, athleisure, denims, plus sizes and girls' wear. Its collection offers a diverse range of colors and styles to complement any top, all available under one roof. Its portfolio is designed for women and girls of all ages and sizes and suitable for every occasion and body type. The Company's GOACTIVE products are available in various colors. The Company has a network of around 700 plus exclusive brand stores across India and is also present in 2000 plus large format stores. It markets products through online marketplaces and its Website, www.gocolors.com.