Thursday, July 2, 2020

GARWARE TECHNICAL FIBRES CONSOLIDATED NET PROFIT RISES BY 12% IN FY 20.

Garware Technical Fibres Ltd., ( formerly Garware Wallropes Ltd)
a leading manufacturer of technical textiles for the Indian & global
markets announced its financial results ended 31st March,2020.
Highlights :
# Consolidated revenue reduced by 6% to Rs.953 crores in FY 20 
   from Rs.1018 crores in FY 19.
# Consolidated Net profit increased by 12% to Rs.141 crores in FY 20
   from Rs.126 crores in FY 19.

The Company is hopeful of a reasonable recovery in the second half of the 
year subject to some unforeseen issues.