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Garware Technical Fibres Ltd Q3FY24; 16% 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 Q3FY24 of ₹289.00 Crores up from ₹275.00 Crore year on year, a rise of 5.09%.

Total Expenses for Q3FY24 of ₹246.00 Crores up from ₹236.00 Crores year on year, a rise of 4.24%.

Consolidated Net Profit of ₹43.00 Crores up 16.22% from ₹37.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹21.23, up 18.27% from ₹17.95 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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Tags: fibres
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