Garware Technical Q4 PAT up 24.7% at Rs 36.6 crore

Technical textiles manufacturer Garware Technical Fibres Thursday posted a 24.7 per cent growth in profit after tax to Rs 36.6 crore during the quarter ending March 30, compared to the same period of previous year.

The company's PAT stood at Rs 29.3 crore during the fourth quarter of 2018-19, a release issued here said.

Revenue of the company grew by 23.3 per cent to Rs 289.5 crore in the last quarter of FY19, compared to Rs 234.8 crore in FY18.

"We have transformed our brand identity and have crossed the milestone of Rs 1,000 crore topline. Accelerated execution of better ideas has resulted in improving our ROCE by 160 basis points," Garware Technical Fibres CMD Vayu Garware said.

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