Garware Technical Fibres Ltd reported robust financial performance for the third quarter, with net profit rising 17.8% to ₹56.3 crore compared with ₹47.8 crore in the same period last year. According to reports from CNBC TV18, this growth demonstrates the company's operational efficiency and market positioning during the quarter.
The company's revenue increased 10.4% to ₹387.2 crore from ₹350.7 crore a year earlier, as reported by CNBC TV18. This revenue growth indicates successful business expansion and market demand for the company's technical textile solutions across various industries including aquaculture, fishing, and agriculture.
At the operating level, EBITDA grew 10.3% to ₹71 crore from ₹64.4 crore in the year-ago quarter, according to CNBC TV18 reports. However, the EBITDA margin remained unchanged at 18.3%, suggesting stable operational efficiency despite the revenue growth.
Shares of Garware Technical Fibres closed at ₹687.25 apiece, down 0.69% on February 10, as reported by CNBC TV18. The company maintains a market capitalisation of ₹6,822.05 crore, reflecting investor sentiment following the quarterly results announcement.
