Profit before tax (PBT) stood at Rs 91.47 crore in Q4 FY23, up 66.27% QoQ and up 16.59% YoY.
Total expenses rose 1.15% to Rs 303.33 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 86.74 crore (down 1.03% YoY) and employee expense was Rs 48.62 crore (up 15.87%) during the quarter.
For the full year, consolidated net profit rose 20.90% to Rs 208.18 crore on 1.53% increase in net sales to Rs 1305.55 crore in the year ended March 2023 over the year ended March 2022.
Meanwhile, the board declared a dividend of Rs 3 for the financial year ended 2023-24. It will be paid within 30 days from the conclusion of the ensuing annual general meeting.
Vayu Garware, CMD, Garware Technical Fibres said, “QFY24 has shown a profit growth of 17% over previous Q4FY...
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