Shares of Gokaldas Exports Ltd declined 5.82% to ₹705.10 in early trading on Wednesday, extending Tuesday’s sharp fall. The stock had already plunged 8.74% in the previous session following concerns over potential US tariffs on Indian goods, triggered by remarks from US President Donald Trump.
Despite delivering strong financial results for the quarter ended June 2025, investor sentiment remained muted. The company reported a 52.6% year-on-year jump in consolidated net profit to ₹41.5 crore, with revenue rising 2.6% YoY to ₹966.8 crore. Operating metrics were robust, with EBITDA increasing 30% to ₹97.3 crore and margins expanding to 10.2% from 8.1% in Q1 FY25.
The continued stock decline appears to be driven by macro concerns, particularly fears of trade friction with the US, rather than company-specific fundamentals. With today’s fall, the stock has slipped to the lower end of its 52-week range (₹700.10 – ₹1,262.15), dragging the market capitalization down to ₹51,570 crore.
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