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.
HFCL Ltd, Balrampur Chini Mills Ltd, Steel Authority of India Ltd and Garware Technical Fibres Ltd are among the other losers in the BSE s A group today, 02 February 2021.
HFCL Ltd, Balrampur Chini Mills Ltd, Steel Authority of India Ltd and Garware Technical Fibres Ltd are among the other losers in the BSE s A group today, 02 February 2021.
Lincoln Pharmaceuticals Ltd crashed 6.70% to Rs 219.5 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 51242 shares were traded on the counter so far as against the average daily volumes of 12749 shares in the past one month.
HFCL Ltd lost 5.10% to Rs 27. The stock was the second biggest loser in A group.On the BSE, 13.34 lakh shares were traded on the counter so far as against the average daily volumes of 25.18 lakh shares in the past one month.
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