Garware-Wall Ropes Ltd's Q1FY18 net profit surges by 31.6 per cent

  • Industry News
  • Sep 26,17
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.
Garware-Wall Ropes Ltd's Q1FY18 net profit surges by 31.6 per cent

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.”

Related Stories

Auto & Auto Components
Kinetic Green appoints S Sundareswaran as Director of Manufacturing & Operations

Kinetic Green appoints S Sundareswaran as Director of Manufacturing & Operations

In his new role, Sundareswaran will spearhead the direction and monitoring of plant performance to support the organisation's objectives. His responsibilities will encompass leadership in production..

Read more
Policy Regulation
Women engineers re-shaping the manufacturing industry

Women engineers re-shaping the manufacturing industry

As the industry celebrates National Engineer’s Day (on September 15), it is crucial to recognise the pivotal role that Indian women engineers are playing in reshaping the manufacturing industry an..

Read more
Industrial Safety & Security
RadiciGroup unveils new line dedicated to personal protective equipment

RadiciGroup unveils new line dedicated to personal protective equipment

RadiciGroup presented radipeople®, a new line dedicated to personal protective equipment for the medical and industrial sectors.

Read more

Related Products

Cotton Coverall

Textile and Fabric Machinery & Accessories

Samarth Industries offers a wide range of cotton coverall.

Read more

Request a Quote

Disposable Bedsheet & Pillow Covers

Textile and Fabric Machinery & Accessories

Spectrum Technicals offers a wide range of disposable bedsheet & pillow

Read more

Request a Quote

Clean N Fresh - Fabric Wash Gel

Textile and Fabric Machinery & Accessories

Innovative Hygiene Products offers a wide range of clean N fresh - fabric wash gel

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back