Textiles company Garware Technical Fibres announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 Highlights: Net Sales increased by 5% to Rs 289.4 crore in Q3FY24 as compared to Rs 274.6 crore in Q3FY23 Profit before tax increased by 18% to Rs 55.0 crore in Q3FY24 as compared to Rs 46.6 crore in the same period last year Net profit after tax has increased by 18% to Rs 43.3 crore in Q3FY24 as against Rs 36.6 crore in Q3FY23 EPS for Q3FY24 is at Rs 21.23, this is a growth of 20% over Q3FY23 Consolidated 9MFY24 Highlights: Net Sales decreased by 1% to Rs 943.3 crore in 9MFY24 as compared to Rs 935.1 crore in 9MFY23 Profit before tax increased by 25% to Rs 180.2 crore in 9MFY24 as compared to Rs 144.7 crore in 9MFY23 Net profit after tax has increased by 23% to Rs 138.7 crore in 9MFY24 as against Rs 112.5 crore in 9MFY23 EPS for 9MFY24 is at Rs 68.07 this is a growth of 25% over 9MFY23 Vayu Garware, CMD, Garware Technical Fibres, said, “Q3FY24 has shown growth of 18% over previous Q3FY23, despite the disruptions in international logistics faced toward the end of the quarter. Our Geosynthetics business has grown significantly during the quarter and continued the growth momentum of the last 2 years. Margins continued to be strong throughout the year across all businesses so far. With a strong pipeline of orders from aquaculture globally, we look forward to a good fourth quarter. This is of course subject to our ability to reach materials in time to Europe and South America due to the Red Sea challenges." Result PDF