by Suman Gupta
Mumbai,February,2020:Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, has reported the financial results for the quarter and nine months ended 31stDecember 2019 which were approved by the Board of Directors at their meeting held on 3rd February 2020.
Q3 FY20 Highlights:
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Net Sales increased by 6.1% to Rs. 235.78 Cr in Q3 FY20 as against Rs. 222.18 Cr in Q3 FY19
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Profit before tax increased by 5.2% to Rs. 38.29 Cr in Q3 FY20 as compared to Rs. 36.40 Cr in the same quarter last year
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Net profit after tax has grown by 17.2% to Rs. 28.95 Cr in the quarter as against Rs. 24.71 Cr in the corresponding period of FY19
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EPS for Q3 FY20 is at Rs. 13.23; this is a growth of 17.2% over Q3 FY19
9M FY20 Highlights:
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Net Sales decreased by 3.8% to Rs. 700.53 Cr in 9M FY20 as against Rs. 728.28 Cr in 9M FY19
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Profit before tax decreased by 5.5% to Rs. 124.03 Cr in 9M FY20 as compared to Rs. 131.25 Cr in the same period last year
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Net profit (PAT) has increased by 17.7% to Rs. 104.80 Cr in the period as against Rs. 89.01 Cr in the corresponding period of FY19
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EPS for the period stood at Rs. 47.89 in 9M FY20; this is a rise of 17.7% over same period last year