Go Fashion reports Q4FY23 results

Go Fashion India Ltd has announced its standalone financial results for the period ending March 31, 2023. The company's total income for the quarter was reported at Rs. 160.1987 crores, showing a decrease from the previous quarter's total income of Rs. 179.4283 crores. Similarly, the net profit for the quarter stood at Rs. 14.7759 crores, compared to Rs. 24.3138 crores in the previous quarter.

When comparing the financial results with the same quarter of the previous year, Go Fashion India Ltd demonstrated growth. The total income for Q4 FY2023 was significantly higher at Rs. 160.1987 crores compared to Rs. 119.4479 crores in Q4 FY2022. The net profit also showed an increase, reaching Rs. 14.7759 crores in Q4 FY2023 compared to Rs. 12.3008 crores in Q4 FY2022.

For the financial year ending March 31, 2023, Go Fashion India Ltd witnessed substantial growth. The total income for the year was reported at Rs. 677.1943 crores, marking a significant increase from the previous year's total income of Rs. 422.1069 crores. The net profit for the year reached Rs. 82.7982 crores, compared to Rs. 35.6008 crores in the previous year.

It showcased mixed financial performance in the latest quarter, with a decrease in total income and net profit compared to the previous quarter. However, when considering the year-on-year comparison, the company displayed notable growth in all key financial indicators, indicating positive momentum and potential for future success in the fashion industry.