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Garware Technical Fibres Ltd Q1FY24; 54% rise in Profits

Established in 1976, Garware-Wall Ropes (GWRL) is one of India’s leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.


Financial Results:

  • Garware Technical Fibres Ltd reported Revenues for Q1FY24 of ₹326.00 Crores up from ₹304.00 Crore year on year, a rise of 7.24%.
  • Total Expenses for Q1FY24 of ₹277.00 Crores up from ₹272.00 Crores year on year, a rise of 1.84%.
  • Consolidated Net Profit of ₹43.00 Crores up 53.57% from ₹28.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹21.08, up 54.21% from ₹13.67 in the same quarter of the previous year.
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