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Go Fashion (India) (NSE:GOCOLORS) Second Quarter 2023 Results
Key Financial Results
- Revenue: ₹1.69b (up 19% from 2Q 2022).
- Net income: ₹192.7m (down 19% from 2Q 2022).
- Profit margin: 11% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses.
- EPS: ₹3.57 (down from ₹4.48 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Go Fashion (India) Earnings Insights
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India.
Performance of the Indian Specialty Retail industry.
The company’s shares are down 3.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Go Fashion (India)’s balance sheet and an in-depth analysis of the company’s financial position.
Valuation is complex, but we’re helping make it simple.
Find out whether Go Fashion (India) is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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