Stock Report

Garware Technical Fibres Ltd Q2 FY24 consolidated net profit higher at Rs. 52.48 crores



Posted On : 2023-11-06 22:28:57( TIMEZONE : IST )

Garware Technical Fibres Ltd Q2 FY24 consolidated net profit higher at Rs. 52.48 crores

Garware Technical Fibres Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 338.3830 crores during the period ended September 30, 2023 as compared to Rs. 335.0190 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 52.4807 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 42.9641 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 25.75 for the period ended September 30, 2023 as compared to Rs. 21.08 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 338.3830 crs ₹335.0190 crs Up Tick / Down Tick1.00%
Net Profit ₹52.4807 crs ₹42.9641 crs Up Tick / Down Tick22.15%
EPS ₹25.75 ₹21.08 Up Tick / Down Tick22.15%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 338.3830 crores during the period ended September 30, 2023 as compared to Rs.363.5020 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.52.4807 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.47.7712 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.25.75 for the period ended September 30, 2023 as compared to Rs.23.17 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 338.3830 crs ₹363.5020 crs Up Tick / Down Tick-6.91%
Net Profit ₹52.4807 crs ₹47.7712 crs Up Tick / Down Tick9.86%
EPS ₹25.75 ₹23.17 Up Tick / Down Tick11.14%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.673.4020 crores during the 6 Months period ended September 30, 2023 as compared to Rs.672.7066 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.95.4448 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.75.9602 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.46.84 for the 6 Months period ended September 30, 2023 as compared to Rs.36.84 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹673.4020 crs ₹672.7066 crs Up Tick / Down Tick0.10%
Net Profit ₹95.4448 crs ₹75.9602 crs Up Tick / Down Tick25.65%
EPS ₹46.84 ₹36.84 Up Tick / Down Tick27.14%

Shares of Garware Technical Fibres Limited was last trading in BSE at Rs. 3173.95 as compared to the previous close of Rs. 3180.25. The total number of shares traded during the day was 94 in over 52 trades.

The stock hit an intraday high of Rs. 3187.60 and intraday low of 3163.20. The net turnover during the day was Rs. 298566.00.

Source : Equity Bulls

Keywords

GarwareTechnicalFibres Q2FY24 H1FY24 ResultUpdate