Garware Technical Fibres Q3 net profit rises 49% to ₹43.2 cr
February 15, 2021
Net sales too climbed 18.1% to ₹278.43 cr
Garware Technical Fibres Ltd (formerly Garware Wall Ropes Ltd), a leading manufacturer of technical textiles for the Indian and global markets, said net profit for the third quarter ending December 2020 increased 49 per cent to ₹43.2 crore year-on-year. It had registered a net profit of ₹28.9 crore in the corresponding period of the previous year.
Net sales increased by 18.1 per cent to ₹278.43 crore in Q3 FY21 compared to ₹235.78 crore in Q3 FY20. Profit before tax in Q3 FY21 increased by 54.1 per cent to ₹59 crore compared to ₹38.3 crore in the same quarter last year.
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.