Go Fashion Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 04, 2022 at 04:08 am EDT
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Go Fashion (India) Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,657.52 million compared to INR 1,120.76 million a year ago. Revenue was INR 1,686.94 million compared to INR 1,171.47 million a year ago. Net income was INR 192.7 million compared to INR 186.06 million a year ago. Basic earnings per share from continuing operations was INR 3.57 compared to INR 3.56 a year ago. Diluted earnings per share from continuing operations was INR 3.57 compared to INR 3.56 a year ago.
For the six months, sales was INR 3,309.5 million compared to INR 1,430.72 million a year ago. Revenue was INR 3,375.67 million compared to INR 1,574.39 million a year ago. Net income was INR 437.09 million compared to net loss of INR 3.92 million a year ago. Basic earnings per share from continuing operations was INR 8.09 compared to basic loss per share from continuing operations of INR 0.08 a year ago. Diluted earnings per share from continuing operations was INR 8.09 compared to diluted loss per share from continuing operations of INR 0.08 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.