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gokak textiles ltd (532957) Details

Gokak Textiles Limited manufactures and sells various textile products primarily in India. The company provides cotton and blended yarns, industrial fabrics, terry towels, T-shirts, polos, undergarments, sweaters, etc. It also offers various types of yarn products, including dyed, knitting, weaving, socks, home furnishing, industrial, and customized yarns. In addition, the company provides canvas products, such as tents, tarpaulins, and animal and agriculture covers; and made ups comprising towels and knitted garments. Gokak Textiles Limited also exports its products to the Americas, Europe, Africa, and Asia/Oceania. The company was formerly known as ANS Textiles (Bangalore) Limited and changed its name to Gokak Textiles Limited in January 2007. Gokak Textiles Limited was founded in 1885 and is based in Bengaluru, India. Gokak Textiles Limited is a subsidiary of Shapoorji Pallonji & Company Limited.

Founded in 1885

gokak textiles ltd (532957) Top Compensated Officers

Chief Executive Officer, Wholetime Director a...
Total Annual Compensation: 4.6M
Compensation as of Fiscal Year 2014.

gokak textiles ltd (532957) Key Developments

Gokak Textiles Ltd. Approves Election of Ashok Barat as Non-Executive Chairman of its Board of Directors

Gokak Textiles Ltd. announced that the board of directors of the company at its meeting held on May 14, 2015, Mr. Ashok Barat, Director has been unanimously elected as Non-executive Chairman of the Board of Directors of the Company with immediate effect.

Gokak Textiles Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended March 31, 2015

Gokak Textiles Ltd. reported unaudited standalone earnings results for the second quarter and half year ended March 31, 2015. For the quarter, the company reported net sales from operations of INR 831.394 million against INR 850.596 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 66.656 million against INR 25.977 million a year ago. Loss from ordinary activities after finance costs and before tax was INR 118.122 million against INR 81.450 million a year ago. Net loss for the period was INR 110.505 million against INR 81.450 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 17.00 against INR 12.53 a year ago. For the half year, the company reported net sales from operations of INR 1,677.384 million against INR 1,721.213 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 194.858 million against INR 61.041 million a year ago. Loss from ordinary activities after finance costs and before tax was INR 302.098 million against INR 161.324 million a year ago. Net loss for the period was INR 287.058 million against INR 161.320 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 44.17 against INR 24.82 a year ago.

Gokak Textiles Ltd., Board Meeting, May 14, 2015

Gokak Textiles Ltd., Board Meeting, May 14, 2015. Agenda: To consider the unaudited standalone earnings results for the second quarter and half year ended March 31, 2015.

 

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