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SignatureGlobal India Ltd, Gokaldas Exports Ltd, Avanti Feeds Ltd and Bharat Heavy Electricals Ltd are among the other losers in the BSE's 'A' group today, 08 January 2026.
Pearl Global Industries Ltd lost 10.88% to Rs 1444 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8623 shares were traded on the counter so far as against the average daily volumes of 3457 shares in the past one month.
SignatureGlobal India Ltd tumbled 10.00% to Rs 993.25. The stock was the second biggest loser in 'A' group.On the BSE, 2.51 lakh shares were traded on the counter so far as against the average daily volumes of 12934 shares in the past one month.
Gokaldas Exports Ltd crashed 9.03% to Rs 622.3. The stock was the third biggest loser in 'A' group.On the BSE, 1.7 lakh shares were traded on the counter so far as against the average daily volumes of 11240 shares in the past one month.
Avanti Feeds Ltd dropped 8.40% to Rs 812. The stock was the fourth biggest loser in 'A' group.On the BSE, 64997 shares were traded on the counter so far as against the average daily volumes of 47542 shares in the past one month.
Bharat Heavy Electricals Ltd fell 8.08% to Rs 279.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 9.09 lakh shares were traded on the counter so far as against the average daily volumes of 4.6 lakh shares in the past one month.
Revenue from operations rose by 7% year-over-year (YoY) to Rs 984 crore during the quarter. The company stated that India operations registered a strong performance with a YoY growth of 14% in the backdrop of 2% degrowth in Indian apparel exports. The revenue from Africa operations declined by 23% YoY, primarily due to AGOA related uncertainty.
While EBIDTA improved by 1% YoY to Rs 84 crore, EBIDTA margin declined by 41 basis points YoY to 8.3% in Q2 FY26.
The drop in EBIDTA margin was mainly due to operating deleverage at the Africa business, US tariff impact, and startup costs owing to the new business/units. However, the India operations abated this impact partly, supported by productivity gains and better cost management efforts.
Profit before tax in Q2 FY26 stood at Rs 19 crore, down by 47 % from Rs 36 crore recorded in Q2 FY25.
The fall in pre-tax profit was on account of higher finance and depreciation costs. This is on account of new capex in factories which are in a ramp up stage and yet to yield returns and higher charges on account of Ind AS treatment of capitalized leased assets.
Offering outlook for FY26, the company’s management commented: 'In the near term, we intend to navigate US tariff challenges by focusing on cost optimisation and better productivity gains across the group.'
Gokaldas Exports is an apparel manufacturer, designing, manufacturing, and exporting a diverse range of apparel products for all seasons. The company exports to a number of the world's most prestigious fashion brands and retailers in more than 50 countries.
The scrip rose 0.84% to currently trade at Rs 879.75 on the BSE.