Garware Technical Fibres Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Garware Technical Fibres Ltd reported a 16.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 19.6%.
- Its expenses for the quarter were down by 13.1% QoQ and up 21.2% YoY.
- The net profit decreased 27.5% QoQ and increased 10.4% YoY.
- The earnings per share (EPS) of Garware Technical Fibres Ltd stood at 24 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 359.60 | 430.27 | 300.59 | -16.4% | 19.6% |
Total Expenses | 297.66 | 342.59 | 245.58 | -13.1% | 21.2% |
Profit Before Tax | 61.93 | 87.67 | 55.01 | -29.4% | 12.6% |
Tax | 14.16 | 21.71 | 11.75 | -34.8% | 20.5% |
Profit After Tax | 47.79 | 65.89 | 43.27 | -27.5% | 10.4% |
Earnings Per Share | 24.00 | 33.10 | 21.20 | -27.5% | 13.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Garware Technical Fibres Ltd is a leading company predominantly engaged in manufacturing technical textiles and fibers. The organization operates within the textile industry, offering specialized products and solutions tailored for various applications. The company's core products and services include industrial yarns, twines, ropes, and nets, which are utilized in industries such as aquaculture, shipping, sports, and agriculture. Known for its innovative approach, Garware Technical Fibres Ltd has established a strong reputation for quality and reliability. Currently, there is no information available regarding any recent major developments or strategic initiatives undertaken by the company.
Revenue
In the third quarter of fiscal year 2025, Garware Technical Fibres Ltd reported a total income of ₹359.60 crores. This represents a decrease of 16.4% compared to the previous quarter (Q2FY25), where the total income stood at ₹430.27 crores. However, when compared to the third quarter of the previous fiscal year (Q3FY24), there is an increase of 19.6%, up from ₹300.59 crores. This year-over-year growth highlights an upward trend in total income over the annual period, despite the quarter-over-quarter decline.
Profitability
The company's profitability metrics indicate a mixed performance. In Q3FY25, the profit before tax was ₹61.93 crores, which is a decline of 29.4% from the previous quarter's ₹87.67 crores. However, there is a 12.6% increase from the same quarter in the previous year, when the profit before tax was ₹55.01 crores. The profit after tax for Q3FY25 was ₹47.79 crores, showing a quarter-over-quarter decrease of 27.5% from Q2FY25's figure of ₹65.89 crores. On a year-over-year basis, profit after tax increased by 10.4% from ₹43.27 crores in Q3FY24. The earnings per share in Q3FY25 were ₹24.00, reflecting a similar trend to the profit after tax, with a 27.5% decrease from the previous quarter and a 13.2% increase from the same quarter last year.
Operating Metrics
The financial data for Garware Technical Fibres Ltd also includes total expenses, which amounted to ₹297.66 crores in Q3FY25. This represents a decrease of 13.1% from Q2FY25's total expenses of ₹342.59 crores. Year-over-year, there is a 21.2% increase from Q3FY24, where total expenses were ₹245.58 crores. The tax expenses for Q3FY25 were ₹14.16 crores, which decreased by 34.8% from the previous quarter's ₹21.71 crores, yet increased by 20.5% compared to ₹11.75 crores in Q3FY24. These figures illustrate the company's efforts in managing operational costs and tax liabilities across different quarters and years.
