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Web Exclusive | August 2016

GWRL posts 35% increase in profits

Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets has achieved a sales revenue of Rs 225.06 crore in Q1FY17 as compared to Rs 239.32 crore in Q1FY16. Profit before tax grew by 31.1 per cent to Rs 28.40 crore in Q1FY17 as compared to Rs 21.66 crore in the same quarter last year. GWRL’s net profit has grown by 35.1 per cent to Rs 19.76 crore in the quarter as against Rs 14.62 crore in the corresponding period of FY16. FY16. 

Speaking on the results, Vayu Garware, CMD, GWRL, said, “We have seen robust growth in domestic markets but a subdued growth in exports due to deferment in purchases by our customers. This coupled with lower commodity prices have impacted top line growth. However, profit growth continues to be as per expectation and the margins are improving significantly due to the growth of our differentiated value added products in both domestic and international markets. We expect to see an uptick in exports in the coming months thus aiding our overall growth.”
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Ltd      Voltas Ltd      Weavetech Engineering Pvt Ltd      Yale Synthlube Industries      A.T.E Enterprises Pvt Ltd      A.T.E Huber Envirotech Pvt Ltd      AB Carter India Pvt Ltd      ACIMIT- ITALY      Advanced Graphic Systems      Angel Mechtronik      Apsom Technologies (India) Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Barnet India Pvt Ltd      Batliboi Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Biancalani Srl      Bracker AG (Rieter)      Bruckner Textile Technology GmbH & Co Kg      C.Gheewala And Co.      Colorjet India Ltd      Condair      DCC Print Vision LLP      Dhara Engineering Works      DN Associates      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fadis India Pvt Ltd      Fourwents Engineering Company      Gandhi Automations Pvt Ltd      Gem Equipments Ltd      Groz-Beckert Asia Pvt Ltd      Indigo Prints Smart Pvt Ltd      Innova Machines      Inspiron Engineering Pvt Ltd      ITEMA WEAVING (INDIA) PVT LTD      Jaysynth Dyestuff ( India) Pvt Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Kirloskar Brothers Ltd      Konica Electronics Enterprise      Kusters Calico Machinery Pvt Ltd      Labelmach      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      MAG Solvics Pvt Ltd      Marvel Gloves Industries      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      MESDAN India Pvt Ltd      Mohler Machine Works Pvt Ltd      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Perfect Equipment Pvt.Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Rieter India Pvt. Ltd      Sabar Machine Tools Mfg. Co.      Savio India Ltd      Savio Texcone (P) Ltd      Schoch Reeds India      Shakti Textile      Sheeba Engineering Co      Skaat Machine Works India Pvt Ltd      Sopromatex (UCMTF)      SRE Corporation      Sri Lakshmi Fire Controls      Stovec Industries Ltd      Sudarshan Gears      Sunrise Industries      Swissmem      Texcoms Textile Solution (E-Products INC)      Texfab Engineers (India) Pvt Ltd      Thies GmbH and Co.      Thymas Electronics Pvt Ltd      Truetzschler India Pvt Ltd      Umargaon Textile Machinery Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      Voltas Ltd      Weavetech Engineering Pvt Ltd      Yale Synthlube Industries