Garware Technical Fibres Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 04:40 am EST
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Garware Technical Fibres Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,282.98 million compared to INR 3,559.84 million a year ago. Revenue was INR 3,383.83 million compared to INR 3,635.02 million a year ago. Net income was INR 524.81 million compared to INR 477.71 million a year ago. Basic earnings per share from continuing operations was INR 25.75 compared to INR 23.17 a year ago. Diluted earnings per share from continuing operations was INR 25.75 compared to INR 23.17 a year ago.
For the six months, sales was INR 6,539.66 million compared to INR 6,604.83 million a year ago. Revenue was INR 6,734.02 million compared to INR 6,727.07 million a year ago. Net income was INR 954.45 million compared to INR 759.6 million a year ago. Basic earnings per share from continuing operations was INR 46.84 compared to INR 36.84 a year ago. Diluted earnings per share from continuing operations was INR 46.84 compared to INR 36.84 a year ago.
Garware Technical Fibres Limited is an India-based multi-divisional, multi-geographical technical textiles company. The Company's solutions include aquaculture, fisheries, agriculture, coated fabrics, shipping and offshore, defense and government sector, sports, geo-synthetics, industrial, material handling, safety, and yarn and threads. The Company's business segments include Synthetic Cordage, and Fibre and Industrial Products and Projects. The Synthetic Cordage segment comprises of ropes, twines and nettings made of twine. The Fibre and Industrial Products and Projects segment comprises of fibre, synthetic fabric, yarn, woven and non-woven textiles, secugrids, coated steel gabions, machinery and project. Its products are manufactured in facilities at Wai and Pune in Maharashtra, India, and are marketed in more than 75 countries worldwide. Its subsidiaries include Garware Environmental Services Pvt. Ltd., Garware Technical Fibres Chile SPA and Garware Technical Fibres USA Inc.
GARWARE TECHNICAL FIBRES LIMITED 
