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15-Nov-2024

Garware Technical Fibres

Strong growth


'Net sales (including other operating income) of Garware Technical Fibres has increased 28.11% to Rs 420.59 crore.  Sales of Synthetic Cordage segment has gone up 25% to Rs 350.86 crore (accounting for 82% of total sales).  Sales of Fiber & Industrial segment was up 52% to Rs 78.45 crore (accounting for 18% of total sales).  Inter-segment sales rose from Rs 4.71 crore to Rs 8.71 crore. 

Profit before interest, tax and other unallocable items (PBIT) has jumped 29% to Rs 93.8 crore.  PBIT of Synthetic Cordage segment rose 26% to Rs 79.78 crore (accounting for 85% of total PBIT).  PBIT of Fiber & Industrial segment increased 51% to Rs 14.01 crore (accounting for 15% of total PBIT). 

PBIT margin of Synthetic Cordage segment rose from 22.5% to 22.7%.  PBI...



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