Garware Technical Fibres consolidated net profit falls by 40.3% in Q1 FY21
PUNE, 11 SEPTEMBER , 2020 (GPN): Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, today announced its financial results for the first quarter ended June 30, 2020. Consolidated: Q1 FY21 Highlights: § Net Sales decreased by 34.4% to Rs. 152.4 Cr in Q1 FY21 as compared to Rs. 232.3 Cr in Q1 FY20 § Profit before tax reduced by 46.6% to Rs. 22.6 Cr in Q1 FY21 as compared to Rs. 42.3 Cr in the same quarter last year § Net profit after tax has dropped by 40.3% to Rs. 17.7 Cr in the quarter as against Rs. 29.6 Cr in the corresponding period of FY20. § EPS for Q1 FY21 is at Rs. 8.08; this is a de-growth of 40.3 % over Q1 FY20 Management…
