Garware Technical Fibres profit rises by 24.7% in Q4 FY19

-
Revenue crosses 1000 crores and PAT grows by 19.5% in FY19

by Priya Jadhav

Ahmedabad, May, 2019: Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, announced its financial results for the fourth quarter and financial year ended March 31st, 2019.

Q4FY19 Highlights:

§  Revenue has grown by 23.3% to Rs. 289.5 Cr in Q4FY19 as compared to Rs. 234.8 Cr in Q4FY18
§  Profit after tax grew by 24.7% to Rs. 36.6 Cr in Q4FY19 as compared to Rs. 29.3 Cr in the same quarter last year
§  EPS for Q4FY19 is at Rs. 16.73; this is a growth of 24.7% over Q4FY18

FY19 Highlights:

§  Revenue grew by 14.9% to Rs. 1017.8 Cr in FY19 as against Rs. 885.5 Cr in FY18
§  Profit after tax grew by 19.5% to Rs. 125.6 Cr as compared to Rs.105.1Cr in FY18
§  EPS stood at Rs. 57.4; reflecting a growth of 19.5% over FY18
                                                                                                                              
Management Comments:

Sharing his views on the results, Mr. Vayu Garware, CMD, Garware Technical Fibres Ltd. said, “The year has been an exciting one on many fronts. We have transformed our brand identity and have crossed the milestone of 1000 crores topline. Accelerated execution of better ideas has resulted in improving our ROCE by 160 basis points. Our value added differentiated products are gaining widespread acceptance with our customers and we have a robust pipeline of innovative solutions that have poised us well to deliver on our five year profitable growth trajectory.”


About Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.): (BSE: 509557 / NSE: GARFIBRES)

Garware Technical Fibres Ltd. (formerly Garware-Wall Ropes Ltd.), an ISO 14001:2015 and ISO 9001:2015 certified company is a leading player in Technical Textiles specializing in providing customized solutions to its customers worldwide. Globally, the company is known for its applied innovation in the field of sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geo-synthetics. The company’s products are manufactured in state-of-art facilities at Wai and Pune and marketed in more than 75 countries.

Comments

  1. Sadhana4 July 2020 at 02:11

    Good information. Thanks for sharing. If you want to know more about stock market related topics then visit
    UPI for IPO Investors
    world's biggest IPO
    Rail Vikas Nigam Ltd
    Paytm Financial Services

    ReplyDelete

Post a Comment

Popular posts from this blog

Excellent Classes organises 34th edition of HUES, felicitates its meritorious students

-
Image
by Priya Jadhav  Mumbai, 2 nd  January 2024:   Excellent Classes,   a pioneer coaching institute in Mumbai   organised its 34 th   Annual Program called HUES - Honouring Unique & Excellent Students, where the institute rewarded the hard work and achievement of its students for the year 2023. Dr. Zaibunnisa Malik, an educationist and social activist working for the upliftment of underprivileged children graced the occasion as the Guest of Honour.     Briefing about HUES, Dr. Jamil Khan, Director of Excellent Classes  informed, “At HUES, we celebrate the performance of our students who performed exceptionally well in their Boards and Entrance exams like – ICSE, SSC, NEET, etc. The students have been working very hard for these exams and this is a way to celebrate and acknowledge their hard work.”  Students who were felicitated at the program are - Mahi Naik secured 95.6% in SSC and stood first in the institute. Asma Sayed secured ...
Read more

KERALA TOURISM WOOS TOURISTS

-
Image
Kerala Tourism attracts more tourists with new initiatives! Explore God’s Own Canvas! by Priya Jadhav Mumbai, 07th February, 2017: Considering the uptick in inbound tourism from Mumbai, the Department of Tourism, Government of Kerala is organizing B2B Roadshows in Mumbai on 07th  February, 2017. The roadshow desires to attract city’s leading travel agents and tour operators, and showcase to them the best of ‘God’s own country’. The delegation from Kerala is led Mr Shine KS - Tourist Information Officer, Department of Tourism, Govt of Kerala and will comprise major players from the state’s Tourism & Trade industry. Besides forging fresh collaborations, the roadshow will introduce new initiatives, experiences and attractions that Kerala has in store for visitors. Kerala Tourism: The story so far… The Marketing Initiatives for the year 2016-17 were formulated and executed based on the keen understanding of the unique appeal that 'God's Own Countr...
Read more

Imran Khan joins Ariel & Whirlpool's #ShareTheLoad Movement

-
Image
Ariel India and Whirlpool, celebrate  with historic 1.3 Million men pledging to #ShareTheLoad across the country! Imran Khan joins  #ShareTheLoad Movement along with 30 couples  to drive equality within the Indian household by Priya Jadhav Mumbai, 11 th May 2015: It’s time for a historic celebration for Ariel India and Whirlpool:  Imran Khan partnered with Ariel India and Whirlpool , to announce that over 1.3MM men have pledged to #ShareTheLoad , at a press conference here in Mumbai. Home to priceless and rare, documents and artifacts from Indian history, the Asiatic Library in Mumbai, played perfect setting for the launch of this historic announcement of change. 30 couples together with India’s leading faces pledged to #ShareTheLoad at the steps of the famous monument,,  committing to better equality and quality within the household. In response to a recently conducted survey by an independent third party agency on Indian Hous...
Read more