Garware Technical Fibres Ltd Q3 FY2024 consolidated PAT slips QOQ to Rs. 43.26 crores

Garware Technical Fibres Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 300.5931 crores during the period ended December 31, 2023 as compared to Rs. 338.3830 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 43.2602 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 52.4807 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 21.23 for the period ended December 31, 2023 as compared to Rs. 25.75 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 300.5931 crs	₹338.3830 crs	-11.17%
Net Profit	₹43.2602 crs	₹52.4807 crs	-17.57%
EPS	₹21.23	₹25.75	-17.55%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 300.5931 crores during the period ended December 31, 2023 as compared to Rs.282.4159 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.43.2602 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.36.5728 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.21.23 for the period ended December 31, 2023 as compared to Rs.17.74 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 300.5931 crs	₹282.4159 crs	6.44%
Net Profit	₹43.2602 crs	₹36.5728 crs	18.29%
EPS	₹21.23	₹17.74	19.67%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.973.9951 crores during the 9 Months period ended December 31, 2023 as compared to Rs.955.1225 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.138.7050 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.112.5330 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.68.07 for the 9 Months period ended December 31, 2023 as compared to Rs.54.58 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹973.9951 crs	₹955.1225 crs	1.98%
Net Profit	₹138.7050 crs	₹112.5330 crs	23.26%
EPS	₹68.07	₹54.58	24.72%

Shares of Garware Technical Fibres Limited was last trading in BSE at Rs. 3661.20 as compared to the previous close of Rs. 3673.40. The total number of shares traded during the day was 1812 in over 569 trades.

The stock hit an intraday high of Rs. 3749.00 and intraday low of 3650.65. The net turnover during the day was Rs. 6686351.00.

Source : Equity Bulls

Keywords

GarwareTechnicalFibres Q3FY24 9MFY24 ResultUpdate