Quarter Ended: March 2026
Gokul Agro Resources Limited – Q4 FY26 Results
NSE
gokulagro
BSE
539725
Gokul Agro Resources Limited reported robust YoY and QoQ earnings growth in Q4 FY26 supported by higher revenue scale, inventory gains and improved operating leverage.
key financial highlights
- Revenue from Operations:
- Revenue (Q4 FY26): ₹6,20,018.71 Lakh
- QoQ Change: -1.81%
- YoY Change: +13.50%
- Previous Quarter (Q3 FY26): ₹6,31,425.48 Lakh
- Previous Year (Q4 FY25): ₹5,46,214.99 Lakh
- Revenue (Q4 FY26): ₹6,20,018.71 Lakh
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹12,809.36 Lakh
- QoQ Change: +59.24%
- YoY Change:+164.76%
- Previous Quarter (Q3 FY26): ₹8,044.36 Lakh
- Previous Year (Q4 FY25): ₹4,838.68 Lakh
- PAT (Q4 FY26): ₹12,809.36 Lakh
- Analysis:
- Revenue Trend: Revenue remained elevated on a yearly basis driven by strong agro commodity trading and edible oil business scale, although quarterly revenue softened marginally.
- Profit Trend: Sharp earnings growth was driven by better operating leverage, inventory normalization and stronger contribution from core agro processing activities.
- Revenue Trend: Revenue remained elevated on a yearly basis driven by strong agro commodity trading and edible oil business scale, although quarterly revenue softened marginally.
Margin Analysis
Drivers:
- Higher operational scale in edible oil and agro commodity business.
- Improved inventory movement versus previous year.
- Stronger contribution from core operations.
- Finance costs remained elevated due to larger working capital deployment.
- Better fixed-cost absorption improved profitability.
Insight:
- Profitability growth materially outpaced revenue growth, reflecting meaningful operational efficiency improvement.
Earning quality check
Key Drivers:
- Strong operating cash generation at ₹32,497.92 lakh.
- Improvement in trade receivables management.
- Higher trade payable support to working capital.
- Elevated inventory build-up consumed liquidity.
- Significant increase in current assets and liabilities.
Interpretations:
- Core earnings quality remained healthy, though balance sheet expansion suggests aggressive working capital deployment.
balance sheet Analysis
- Total Assets: ₹4,92,841.66 Lakh
- Total Liabilities: ₹3,50,560.60 Lakh
Insight:
- The company significantly expanded its balance sheet during FY26 with sharp growth in inventories, receivables and trade liabilities, reflecting scale-up in commodity operations.
key risks
- Agro commodity price volatility.
- Working capital intensity.
- Elevated trade payable exposure.
- Interest rate sensitivity.
- Inventory valuation risk.
- Margin fluctuations in edible oils business.
management strategy signals
Focus Area:
- Expanding edible oil processing scale.
- Strengthening agro commodity sourcing.
- Optimizing inventory utilization.
- Improving operational efficiency.
- Enhancing export opportunities.
- Maintaining integrated supply chain strength.
Financial metrics table
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Total Income | ₹6,21,359.22 Lakh | -1.72% | +13.57% |
| PBT | ₹14,830.00 Lakh | +36.55% | +111.55% |
| PAT | ₹12,809.36 Lakh | +59.24% | +164.76% |
Gokul Agro Resources Limited delivered a strong Q4 FY26 performance with substantial growth in profitability and improved operating leverage. Although the business remains highly working-capital intensive with elevated liabilities and inventory exposure, robust earnings momentum and stronger operating cash flows indicate improving business execution.
Official Exchange Filing: Gokul Agro Resources Limited
Quarterly Performance Context
COST OF OPERATIONS AS % OF REVENUE
98%
NET PROFIT AS % OF REVENUE
2%
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED