Textiles company Garware Technical Fibres announced Q1FY26 results Net Sales increased by 9% to Rs 367.2 crore in Q1FY26 as compared to Rs 336.2 crore in Q1FY25. Profit before tax increased by 13.4% to Rs 70.4 crore in Q1FY26 as compared to Rs 62.1 crore in Q1FY25. Net profit after tax has increased by 13.5% to Rs 53.1 crore in Q1FY26 as against Rs 46.8 crore in Q1FY25. EPS for Q1FY26 is at Rs 5.35 this is a growth of 13.6% over Q1FY25. Vayu Garware, CMD, Garware Technical Fibres, said: "We have witnessed a top line growth of 9% during the first quarter driven primarily by the Geosynthetics business which continues to grow exponentially. International Fisheries segment has also performed very well with key breakthroughs in new markets and customers. Domestically, the industrial product sales have grown well. Profit before tax increased by 13.4% in Q1FY26 over Q1FY25. There are some concerns on the horizon with the significant imposition of tariffs by the USA and ongoing geopolitical tension. Though GTFL exports to the USA are only approximately 10% of our topline and we do believe that these issues will be resolved in the medium term, we are working hard to find ways to ensure our customers and partners in the USA continue to be supported and we are able to manage these temporary disruptions." Result PDF
Textiles company Garware Technical Fibres announced Q3FY25 results Net Sales increased by 21% to Rs. 350.7 crore in Q3FY25 as compared to Rs. 289.4 crore in Q3FY24 Profit before tax increased by 13% to Rs. 61.9 crore in Q3FY25 as compared to Rs. 55 crore in the same period last year Net profit after tax has increased by 10% to Rs. 47.8 crore in Q3FY25 as against Rs. 43.3 crore in the corresponding period of FY24 EPS for Q3FY25 is at Rs. 24 this is a growth of 10% over Q3FY24 Vayu Garware, CMD, Garware Technical Fibres said,: "Q3 FY25 has shown a good Top-line growth of 21% over Q3FY24. A significant part ofthe growth in Q3 revenue is led by the Geosynthetics business followed by Aquaculture. Operating EBIDTA for Q3 FY25 has shown a similar 21% growth over Q3FY24. PBT growth has been impacted to some extent by lower other income. Profit before tax grew by 17% in 9MFY25 against the previous year 9MFY24 and operating EBIDTA has grown by 22 % over 9MFY24 which is on track on our plans. Based on current visibility we expect the full year outlook to be positive. Result PDF
Textiles company Garware Technical Fibres announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Net Sales increased by 28% to Rs 420.6 crore in Q2FY25 as compared to Rs 328.3 crore in Q2FY24. Profit before tax increased by 29% to Rs 87.6 crore in Q2FY25 as compared to Rs 68.1 crore in the Q2FY24. Net profit after tax has increased by 26% to Rs 66.0 crore in Q2FY25 as against Rs 52.5 crore in the Q2FY24. EPS for Q2 FY25 is at Rs 33.10 this is a growth of 29% over Q2 FY24. H1FY25 Financial Highlights: Net Sales increased by 16% to Rs 756.8 crore in H1FY25 as compared to Rs 654.0 crore in H1FY24. Profit before tax increased by 20% to Rs 149.8 crore in H1FY25 as compared to Rs 125.2 crore in the H1FY24. Net profit after tax has increased by 18% to Rs 112.7 crore in H1FY25 as against Rs 95.4 crore in the H1FY24. EPS for H1FY25 is at Rs 56.6 this is a growth of 21% over H1FY24. Vayu Garware, CMD, Garware Technical Fibres, said: "As expected, Q2FY25 has shown a good profit growth of -30% over previous year Q2 FY24 mainly on account of a strong performance from Aquaculture and Geosynthetics businesses which both grew substantially. We were also able to maintain significant PBT margins in the range of -20%. H1FY25 has been good for the Company overall, GTFL profit before tax grew by 20% in H1FY25 against the previous year H1FY24. Geo synthetics continued its strong growth in top line and profit during H1FY25. We expect the continue the growth momentum during the second half of the year FY25". Result PDF
Textiles company Garware Technical Fibres announced Q1FY25 results: Net Sales increased by 3% to Rs 336.3 crore in Q1FY25 as compared to Rs 325.7 crore in Q1FY24 Profit before tax increased by 9% to Rs 62.1 crore in Q1FY25 as compared to Rs 57.1 crore in the same period last year Net profit after tax has increased by 9% to Rs 46.8 crore in Q1FY25 as against Rs 43.0 crore in the corresponding period of FY24. EPS for Q1FY25 is at Rs 23.38 this is a growth of 11% over Q1FY24 In a statement, Vayu Garware, CMD, Garware Technical Fibres said, "FY25 started well with a good order book especially from Aquaculture business from North Europe and Chile. Our plants have been running at close to full capacity in the last quarter. However, this does not reflect in our Qr FY25 numbers as a majority of this production has been shipped to Norway and Chile for billing in the second quarter locally. Domestic business has continued its growth in Q1FY25 and geosynthetics business also has very good visibility for a strong year in FY25. Q1FY25 has shown a profit growth of 9% over the previous year Q1FY24. However, overall, we expect a good growth in profit in Q2 FY25 and therefore a strong result in the first half of the year. Result PDF
Textiles company Garware Technical Fibres announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net Sales increased by 3% to Rs 382.3 crore in Q4FY24 as compared to Rs 370.5 crore in Q4FY23 Profit before tax increased by 17%to Rs 91.5 crore in Q4FY24 as compared to Rs 78.5 crore in the same period last year Net profit after tax has increased by 16% to Rs 69.5 crore in Q4FY24 as against Rs 59.7 crore in the corresponding period of FY23 EPS for Q4 FY24 is at Rs 34.1 this is a growth of 17.4%over Q4FY23 FY24 Financial Highlights: Net Sales increased by 2% to Rs 1325.6 crore in FY24 as compared to Rs 1305.6 crore in FY23 Profit before tax increased by 22% to Rs 271.7 crore in FY24 as compared to Rs 223.2 crore in the same period last year Net profit after tax has increased by 21% to Rs 208.2 crore in FY24 as against Rs 172.2 crore in the corresponding period of FY23 EPS for FY24 is at Rs 102.2 this is a growth of 22% over FY23 In a statement, Vayu Garware, CMD, Garware Technical Fibres said, "Q4FY24 has shown a profit growth of 17% over previous Q4FY23 on account of strong demand from Norway and northern Europe. Operating margins improved by 200 basis points over previous year Q4 on the back of further improved product mix and strong demand for value added solutions. In FY24 the Company was able to cross a milestone of Rs 200 crore PAT and EPS crossing Rs 100/-. Growth in FY24 was fuelled by Aquaculture, Geosynthetics and from the domestic business. Net profit before tax increases by 22% in FY24. Sustained focus on fund generation from operations delivered a strong free cash flow for the year. We look forward for a strong H1FY25 on account of continuing good demand in Aquaculture segment from Chile & Norway for our newer solutions. Geosynthetics business also is expected to continue its growth momentum with good visibility. Result PDF
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
Textiles company Garware Technical Fibres announced Q1FY24 results: Net Sales increased by 7% to Rs 325.7 crore in Q1FY24 as compared to Rs 304.5 crore in Q1FY23 Profit before tax increased by 54% to Rs 57.1 crore in Q1FY24 as compared to Rs 37.1 crore in Q1FY23 Net profit after tax has increased by 52% to Rs 43.0 crore in Q1 FY24 as against Rs 28.2 crore in Q1FY23. EPS for Q1FY24 is at Rs 21.08, this is a growth of 54% over Q1FY23 Vayu Garware, CMD, Garware Technical Fibres said, "FY24 has started off well and as per plan. Profit before tax has increased by 54% over the first quarter of previous year. PBT margins have recovered to 17%+ levels and we look to maintain those going forward. It should be noted that Q1FY23 was not very good for us, so this is a strong recovery this FY. Aquaculture business has remained strong during the quarter especially in Chile. Geosynthetics business also continued its excellent growth momentum and delivered well on profitability as well as ROCE. Domestic businesses have also done well during Q1FY24 over previous Q1FY23. We expect a good F24." Result PDF
Textiles company Garware Technical Fibres announced Q4FY23 & FY23 results: Q4FY23: Net Sales increased by 35% on a QoQ basis to Rs 370.5 crore in Q4FY23 as compared to Rs 274.6 crore in Q3FY23. On a YoY basis, there is an increase of 4% vs Q4FY22 of Rs 361.3 crore. Net profit after tax has increased by 63% on a QoQ basis to Rs 59.6 crore in Q4FY23 as against Rs 36.6 crore in Q3FY23. On a YoY basis, there is an increase of 11%vs Q4FY22 of Rs 53.9 crore. EPS for Q4FY23 is at Rs 28.95 this is a growth of 11% over Q4FY22 FY23: Net Sales increased by 10% to Rs 1,305.6 crore in FY23 as compared to Rs 1,189.4 crore in FY22 Profit before tax increased by 3% to Rs 223.2 crore in FY23 as compared to Rs 216.4 crore in FY22 Net profit after tax has increased by 5% to Rs 172.2 crore in FY23 as against Rs 164.8 crore in FY22 EPS for FY23 is at Rs 83.54, this is a growth of 5% over FY22 In a statement, Vayu Garware, CMD, Garware Technical Fibres said, "Current quarter results have shown better performance on all fronts. PAT for Q4FY23 has significantly grown by 63% over the immediately preceding quarter Q3FY23. There is an 11% growth over Q4FY22. Operating EBIDTA Margins improved to 21.5% in Q4FY23 vs 20.6% in Q4FY22, primarily on account of strong pull from customers for new aquaculture products in Chile and Scotland. The Geosynthetics business has registered excellent growth during the current quarter and overall for the year. Due to a focused and concentrated approach to funds release from operations, the company has done well on working capital management and as a result, cash generation from operations has significantly improved over the previous year. We look forward to a good FY24 with international sports business expected to come back on track and some improvement in orders from Norway, which have been subdued due to the new resource tax being imposed by the Norwegian Govt." Result PDF