Garware Technical Fibres net profit before tax increases by 54.1%in Q3 FY21
Posted On: 2021-02-11 03:04:18 (Time Zone: Arizona, USA)
Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, today announced its financial results for the Quarter and Nine months ended December 31, 2020.
Consolidated: Q3 FY21Highlights:
- Net Sales increased by 18.1%to Rs. 278.43 Cr in Q3 FY21as compared to Rs. 235.78 Cr in Q3 FY20
- Profit before tax increased by 54.1%to Rs. 59.0 Cr in Q3 FY21as compared to Rs. 38.3 Cr in the same quarter last year
- Net profit after tax has increased by 49% to Rs. 43.2 Cr in the quarter as against Rs. 28.9 Cr in the corresponding period of FY20.