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Garware-Wall Ropes Ltd. (GWRL), a leading manufacturer of technical textiles for the Indian and global markets, announced its financial results for the first quarter ended June 30, 2017.
The highlights include: Net sales grew by10.3% to INR 243.2 Cr in Q1FY18 as compared to INR 217.5 Cr in Q1FY17; profit before tax grew by 35.6% to INR 38.4 Cr in Q1FY18 as compared to INR 28.4 Cr in the same quarter last year; net profit (PAT) has grown by 31.6% to INR 26 Cr in the quarter as against INR 19.8 Cr in the corresponding period of FY17; EPS for the period is at INR 11.88 in Q1FY18, this is a growth of 31.6% over Q1FY17.
Speaking on the results, Vayu Garware, CMD, Garware-Wall Ropes Ltd said, “FY18 has started off well with healthy growth in our differentiated product portfolio. A focused approach to increasing our reach and market penetration in international markets has shown results in the first quarter. In the domestic markets, while overall growth is positive, there are some challenges in the implementation of GST which we expect will smoothen out over the coming months. Overall profit growth continues to be on plan.”
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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