Garware Technical Fibres posted a net profit of Rs 36.6 crore for the fourth quarter ended March 2019, up 24.7 per cent over the year-ago period.
It posted a profit of Rs 29.3 crore during January-March, 2017-18.
As per a BSE filing, the company's revenue grew 23.3 per cent to Rs 289.5 crore in the quarter under review as compared to Rs 234.8 crore in the year-ago period.
For 2018-19, the company registered a profit after tax of Rs 125.6 crore, up 19.5 per cent over the preceding year.
"Our value added differentiated products are gaining widespread acceptance with our customers and we have a robust pipeline of innovative solutions that have poised us well to deliver on our five-year profitable growth trajectory," said Vayu Garware, CMD, Garware Technical Fibres.
Shares of the company closed at Rs 1,220 a piece on BSE, up 2.6 per cent from the previous close.
The company manufacture its products at Wai and Pune and they are marketed in more than 75 countries.
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