Technical Textile Manufacturer Garware-Wall Ropes' PAT Increases 43% In Q3, FY 2015-16

Company Performance

Technical Textile Manufacturer Garware-Wall Ropes' PAT Increases 43% In Q3, FY 2015-16

Leading technical textiles manufacturer Garware-Wall Ropes Ltd. (GWRL) has posted significant increase in PAT for the Q3, FY 2015-16 ended December 31st, 2015. Speaking to media after declaring the financial results Vayu Garware, CMD, Garware - Wall Ropes Ltd., said "The quarterly performance continues to reaffirm our strategy of focusing on innovation, geographic expansion and operational excellence. In spite of easing input costs resulting in subdued value growth, we have seen healthy margin increases. We expect to maintain this growth in the coming months as well"

Q3,FY2015-16 Highlights:

Sales revenue grew by 0.5% to Rs. 185.46 crore in Q3, FY2015-16

PBT grew by 47.4% to Rs. 19.70 crore in Q3, FY2015-16

PAT has grown by 43.3% to Rs. 14.60 crore in the quarter

EPS for Q3FY16 stood at Rs. 6.67 which is a growth of 55.3%

9M,FY2015-16 Highlights:

Sales revenue grew by 9.1% to Rs. 638.66 crore in 9M, FY 2015-16 as compared to Rs. 585.40 crore in 9M, FY2014-15

PBT grew by 44% to Rs. 62.79 crore in 9M, FY2015-16, compared to the same period last FY

PAT has grown by 44.8% to Rs. 44.59 crore in the quarter

EPS for 9M, FY2015-16 is at Rs. 20.38 which is a growth of 56.9%