Garware Technical Fibres · NSE: GARFIBRES · BSE: 509557

Q2 FY24 results · Jul–Sep 2023

Garware Technical Fibres reported revenue from operations of ₹328.30 crore (down 7.8% from Q2 FY23) and net profit of ₹52.39 crore (up 9.7% from Q2 FY23) for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	328.30	355.98	−7.8%	325.67	+0.8%
Other income	10.08	7.52	+34.1%	9.35	+7.8%
Total income	338.38	363.50	−6.9%	335.02	+1.0%
Profit before share of associates & JVs and tax	68.13	61.01	+11.7%	57.10	+19.3%
Share of profit/(loss) of associates & JVs	(0.09)	0.00		0.00
Net profit for the period	52.39	47.77	+9.7%	42.96	+22.0%
Attributable to shareholders of the company	52.48	47.77	+9.9%	42.96	+22.1%
EPS, basic (₹)	25.75	23.17	+11.2%	21.08	+22.2%
Net margin (%)	16.0	13.4		13.2

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	320.80	351.62	−8.8%	319.98	+0.3%
Other income	10.04	7.50	+33.9%	9.35	+7.4%
Total income	330.84	359.12	−7.9%	329.32	+0.5%
Profit before tax	62.29	58.17	+7.1%	57.59	+8.2%
Net profit for the period	47.53	45.99	+3.4%	44.44	+7.0%
EPS, basic (₹)	23.32	22.31	+4.6%	21.81	+7.0%
Net margin (%)	14.8	13.1		13.9

Consolidated

Filed with BSE: 07 Nov 2023, 13:17 IST
Board meeting: 06 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 07 Nov 2023, 13:17 IST
Board meeting: 06 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE