Garware Technical Fibres’ net profit up 18.8%
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd), a leading manufacturer of technical textiles for the Indian and global markets, has announced its financial results for the second quarter and half year ended September 30, 2018.
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd), a leading manufacturer of technical textiles for the Indian and global markets, has announced its financial results for the second quarter and half year ended September 30, 2018.
Q2FY19 highlights:
Commenting on the performance, Vayu Garware, CMD, Garware Technical Fibres Ltd. stated, “The second quarter has seen a robust delivery in both revenue and profit propelled by our geo-synthetics and international business. There is also some inflationary effect due to the spurt in raw material prices this quarter as a result of increased crude prices. This has put some pressure on margins. However, we see this effect stabilizing over the coming months.â€