Go Fashion reports Q2 PAT at `19.3 cr

| | Chennai
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Go Fashion reports Q2 PAT at `19.3 cr

Sunday, 06 November 2022 | PTI | Chennai

Go Fashion (India) Ltd which owns the popular women's wear brand 'Go Colors' has recorded a 3.76 per cent rise on its profit after tax for the second quarter ending September 30, 2022 at Rs 19.3 crore, the company said on Saturday.

The company had registered profit after tax at Rs 18.6 crore during corresponding quarter previous year.

 Total revenue during the quarter under review stood at Rs 165.8 crore as against Rs 112.1 crore registered corresponding quarter last fiscal, the company said. The cash flow from operations for the half year period ending September 30, 2022 stood at Rs 36 crore as compared to Rs 8 crore recorded in same period last year.

 In a statement, the company clarified that the second quarter and half yearly performance in last financial year was impacted due to COVID-19 enforced lockdown.

 Commenting on the financial performance, Go Fashion (India) Ltd CEO Gautam Saraogi said, "despite a challenging environment, the company has performed well in Q2 and first half of FY2022-23.

Our revenues for the second quarter grew by 48 per cent year on year to Rs 166 crore highest ever quarterly revenues at Go Fashion."

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