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.
Read more about Garware Technical Fibres consolidated net profit rises 49.05% in the December 2020 quarter on Business Standard. Sales rise 18.09% to Rs 278.43 crore
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K.P.R. Mill (up 3.29%), Swan Energy (up 2.49%), Page Industries (up 2.48%), Welspun India (up 2.12%), Bombay Dyeing & Manufacturing Company (up 1.96%), Garware Technical Fibres (up 1.92%), Alok Industries (up 0.94%), Raymond (up 0.28%), Trident (up 0.28%) advanced.
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