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07-Nov-2023

Garware Technical Fibres

OP up 10%


'Consolidated net sales of Garware Technical Fibres have declined 7.78% to Rs 328.3 crore.  Sales of Synthetic segment has gone down 7.87% to Rs 281.44 crore (accounting for 84.51% of total sales).  Sales of Fiber & Industrial segment has gone down 5.03% to Rs 51.57 crore (accounting for 15.49% of total sales).  Inter-segment sales rose Rs 3.79 crore to Rs 4.71 crore. 

Profit before interest, tax and other unallocable items (PBIT) has jumped 12.57% to Rs 72.61 crore.  PBIT of Synthetic segment rose 12.19% to Rs 63.31 crore (accounting for 87.19% of total PBIT).  PBIT of Fiber & Industrial segment rose 15.25% to Rs 9.30 crore (accounting for 12.81% of total PBIT). 

PBIT margin of Synthetic segment rose from 18.47% to 22.49%.  PBIT margin of Fiber &...



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