Advertise Here [468 W x 60 H pixels]
Newsline-National | December 2018

Garware Technical Fibres’ net profit up 18.8%

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd), a leading manufacturer of technical textiles for the Indian and global markets, has announced its financial results for the second quarter and half year ended September 30, 2018.

Q2FY19 highlights:
  • Net Sales grew by 27.1 per cent to Rs 262 crore in Q2FY19 as compared to Rs. 206 crore in Q2FY18
  • Profit before tax grew by 17.4 per cent to Rs 48.7 crore in Q2FY19 as compared to Rs 41.5 crore in the same quarter last year
  • Net profit (PAT) has grown by 17 per cent to Rs 32.9 crore in the quarter as against Rs 28.2 crore in the corresponding period of FY18
  • EPS for the period is at Rs15.05 in Q2FY19; this is a growth of 17 per cent over Q2FY18

    Commenting on the performance, Vayu Garware, CMD, Garware Technical Fibres Ltd. stated, “The second quarter has seen a robust delivery in both revenue and profit propelled by our geo-synthetics and international business. There is also some inflationary effect due to the spurt in raw material prices this quarter as a result of increased crude prices. This has put some pressure on margins. However, we see this effect stabilizing over the coming months.”

  • Post your comment
    Name:  
    Email:    
    Comments:  
    Verification Code:   Change Image


     
    Advertise Here [728 W x 90 H pixels]
    A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd