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09-Aug-2024

Garware Technical Fibres

Stable performance

'Consolidated net sales (including other operating income) of Garware Technical Fibres has increased 3.25% to Rs 336.25 crore.  Sales of Synthetic segment has gone up 6.62% to Rs 276.68 crore (accounting for 80.69% of total sales).  Sales of Fiber & Industrial segment has gone down 10.51% to Rs 66.23 crore (accounting for 19.31% of total sales).  Inter-segment sales came down from Rs 7.85 crore to Rs 6.65 crore. 

Profit before interest, tax and other unallocable items (PBIT) has jumped 9.95% to Rs 68.16 crore.  PBIT of Synthetic segment rose 12.61% to Rs 58.25 crore (accounting for 85.47% of total PBIT).  PBIT of Fiber & Industrial segment fell 3.47% to Rs 9.91 crore (accounting for 14.53% of total PBIT). 

PBIT margin of Synthetic segment rose from 19.93% to 21.05%.<...



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