Garware Technical Fibres Ltd. recorded robust financial performance in Q2 FY ’24, reporting a 26 per cent year-on-year growth in consolidated net profit at US $ 7.82 million, compared to US $ 6.16 million in the same period last year.
Revenue from operations increased by 28.1 per cent, reaching US $ 49.88 million, up from US $ 38.86 million a year ago. The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose to US $ 10.78 million from US $ 8.17 million, with EBITDA margins improving to 21.7 per cent from 20.9 per cent.
Founded in 1976 and headquartered in Pune, Maharashtra, Garware Technical Fibres is a leading player in technical and industrial textiles. Its innovative product portfolio spans synthetic fibers, ropes, nets, and fabrics used across agriculture, aquaculture, infrastructure, and more.
