Garware Technical Q3: Net profit rises 18%, revenue up 10%, margins flat

Garware Technical Fibres Ltd on Wednesday, February 11, reported a steady performance for the third quarter, with growth in profit and revenue while margins remained stable year-on-year. The company’s net profit rose 17.8% to ₹56.3 crore for the quarter, compared with ₹47.8 crore in the same period last year. Revenue increased 10.4% to ₹387.2 crore from ₹350.7 crore a year earlier. At the operating level, EBITDA grew 10.3% to ₹71 crore from ₹64.4 crore in the year-ago quarter. However, the EBITDA margin remained unchanged

at 18.3%.

Headquartered in Pune, Garware manufactures and exports technical textiles, offering innovative solutions across various industries, including aquaculture, fishing, and agriculture.

Shares of the company closed ₹687.25 apiece, down 0.69% today, February 10. The company has a market capitalisation of ₹6,822.05.

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