Gokaldas Exports Q1 Net Income up 18% to Rs. 261.89 crores

Company received two prestigious awards in the quarter

MUMBAI, July 30th 2007: Gokaldas Exports Ltd, among the top apparel exporters in the country, has shown an increase of 18% in its net income for the first Quarter ended 30th June, 2007. The company's income from operations stands at Rs. 261.89 crores. The company's profit after tax (PAT) for the first quarter is Rs.10.52 crores. The EPS is Rs. 3.06.

On reviewing the results, Mr. Rajendra J. Hinduja, Executive Director, Finance, Gokaldas Exports Limited, said, "We are very optimistic about the company's performance in the remaining three quarters of this fiscal."

In the quarter, the company has received two prestigious awards from the Apparel Export Promotion Council (AEPC). The awards received were for the 'Highest Exporter' on a global basis, and 'Highest Employer' on an all India basis. Mr. Hinduja was felicitated by the Hon. Union Minister of Textiles.

ABOUT GOKALDAS

Gokaldas Exports Ltd. is India's largest manufacturer of readymade fashion garments. Operating from Bangalore for over thirty years, Gokaldas is also a major player in the readymade garment industry across the globe.

Gokaldas specializes in manufacture of Outerwear, Blazers and Pants (Formal and Casuals), Shorts, Shirts, Blouses, Denim Wear, Swim Wear, Active and Sports Wear. The company has a full fledged in-house design team creating and developing exciting collections each season.

Gokaldas caters to the requirements of more than 100 famous labels in 39 countries. Clients include Nike, Pierre Cardin, Adidas, Tommy Hilfiger, Reebok, Banana Republic, Abercrombie and Fitch and Spykar amongst others. The group has 48 factories in all.

An ISO 9001:2000 certified company, the Group's Global Garment Unit - II has been awarded SA 8000 certification for producing garments of the highest quality.

Website: www.gokaldasindia.com

For Further Information Contact:

David Franklin, Concept PR

93221 96698

Concept PR