Garware Technical Fibres records a consolidated net profit of ~Rs36cr in Q4FY20

The consolidated net profit declined by ~3% yoy in the March quarter of FY20.

Jun 30, 2020 06:06 IST India Infoline News Service

Quarterly Results
Garware Technical Fibres Ltd announced its quarterly results on June 30, 2020. The consolidated net sales in Q4FY20 stood at Rs252.56cr, which declined by 12.77% yoy from Rs289.54cr in Q4FY19. 

EBITDA stood at Rs55.15cr in Q4FY20 that increased by 8.41% yoy. For Q4FY19, it posted EBITDA of Rs50.87cr. EBITDA margin as of Q4FY20 was at 21.84% that increased by 4.27% yoy against the same quarter, the previous year. 

The consolidated net profit in Q4FY20 came in at Rs35.70cr that declined by 2.51%, as compared to Q4FY19, when it reported Rs36.62cr. The net profit margin in Q4FY20 came in at 14.14% that increased by 1.49% yoy. The net profit margin for Q4FY19 was 12.65%. 

The stock closed at Rs1,370.85 with a decline of 3.31% on BSE in today's trade.

Particulars Q4FY20
(Rs in cr)
Q4FY19 (Rs in cr) % VAR
Net Sales 252.56 289.54 -12.77
Operating Profit 55.15 50.87 8.41
Net Profit 35.70 36.62 -2.51
EBITDAM% 21.84 17.57 4.27
PATM% 14.14 12.65 1.49
 

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