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