Goblin India Reports Robust Half-Year Results
Goblin India Limited announced unaudited financial results for the half-year ended September 30. Standalone revenue reached ₹1,739.29 crore with a net profit of ₹102.72 crore. Consolidated results showed revenue of ₹2,573.84 crore and net profit of ₹153.60 crore. The company's balance sheet reflects a robust financial position with total shareholder's fund at ₹4,530.72 crore. Cash flow from operations was positive at ₹90.12 crore. Auditors noted an outstanding income tax liability of ₹42.63 lakhs, subject to reconciliation.
*this image is generated using AI for illustrative purposes only.
Goblin India Limited , a prominent player in the luggage industry, has announced its unaudited financial results for the half-year ended September 30, showcasing a strong performance across both standalone and consolidated operations.
Standalone Performance
The company reported a standalone revenue of ₹1,739.29 crore for the half-year, with ₹1,661.44 crore coming from operations and ₹77.85 crore from other income. This performance led to a net profit after tax of ₹102.72 crore, demonstrating the company's ability to maintain profitability in the current economic climate.
Consolidated Results
On a consolidated basis, Goblin India Limited and its subsidiaries achieved even more impressive results:
| Particulars | Half-Year Ended 30/09 (₹ in crore) |
|---|---|
| Revenue from Operations | 2,491.70 |
| Other Income | 82.14 |
| Total Revenue | 2,573.84 |
| Net Profit After Tax | 153.60 |
| Earnings Per Share (Basic & Diluted) | 1.11 |
The consolidated revenue showed a significant increase compared to the standalone figures, indicating strong performance from the company's subsidiaries, Goblin France Limited and Goblin Industries (India) Private Limited.
Financial Position
As of September 30, Goblin India's consolidated balance sheet reflects a robust financial position:
- Total Shareholder's Fund: ₹4,530.72 crore
- Non-current Liabilities: ₹754.66 crore
- Current Liabilities: ₹2,565.26 crore
The company's assets are well-distributed between non-current and current assets, with inventories at ₹2,285.30 crore and trade receivables at ₹2,807.66 crore, indicating a healthy working capital position.
Cash Flow and Liquidity
The consolidated cash flow statement reveals:
- Net Cash Flow from Operating Activities: ₹90.12 crore
- Net Cash Flow from Investing Activities: -₹7.94 crore
- Net Cash Flow from Financing Activities: -₹67.02 crore
This resulted in a net increase in cash and equivalents of ₹15.15 crore, bringing the total cash and cash equivalents to ₹107.96 crore at the end of the period.
Auditor's Notes
The limited review report by Chandabhoy & Jassoobhoy, Chartered Accountants, highlighted an emphasis of matter regarding an outstanding income tax liability:
"The company has an income-tax liability for Assessment Year 2020-21 amounting to ₹88 lakhs plus applicable interest, and an additional ₹27 lakhs plus applicable interest. As per the books of accounts, the net outstanding liability is ₹42.63 lakhs, subject to reconciliation."
This note suggests that investors should keep an eye on the resolution of this tax matter in future reports.
Conclusion
Goblin India Limited's half-year results demonstrate the company's ability to generate substantial revenue and maintain profitability. The consolidated performance, in particular, shows the success of the company's expansion strategies through its subsidiaries. However, investors should remain aware of the ongoing tax reconciliation matter highlighted in the auditor's report.
As the luggage industry continues to evolve, Goblin India's financial strength positions it well to capitalize on market opportunities and navigate potential challenges in the coming months.
Historical Stock Returns for Goblin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -6.09% | -15.23% | -43.98% | -61.30% | -51.82% |
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