Garware Technical Fibres Limited — Updates, 14-11-2024: Press Release

Garware Technical Fibres has reported a robust Q2FY25, with consolidated net sales rising by 28% to ₹420.6 Cr compared to ₹328.3 Cr in Q2FY24. Profit before tax also saw an impressive increase of 29% reaching ₹87.6 Cr, up from ₹68.1 Cr year-over-year. Additionally, net profit after tax climbed by 26% to ₹66.0 Cr from ₹52.5 Cr in the same period last year, resulting in an earnings per share (EPS) of ₹33.10, reflecting a growth of 29%.

For the first half of FY25, net sales increased by 16% to ₹756.8 Cr, while profit before tax grew by 20% to ₹149.8 Cr. Net profit after tax for H1FY25 reached ₹112.7 Cr, an 18% increase from ₹95.4 Cr in H1FY24, translating to an EPS of ₹56.6, up 21% year-on-year.

Management expressed confidence in sustaining growth momentum, particularly from the aquaculture and geosynthetics segments, and aims to maintain healthy profit margins moving forward. This consistent performance positions Garware Technical Fibres favorably for continued growth. Investors should monitor the company's progress closely as it capitalizes on strong demand in these sectors.