Powered by: Motilal Oswal
11/02/2021 4:27:21 PM | Source: Angel Broking Ltd
Garware Technical Fibres 3QFY21 Result Updates By Amarjeet Maurya, Angel Broking
News By Tags | #5795 #5948 #607 #4979
Garware Technical Fibres 3QFY21 Result Updates By Amarjeet Maurya, Angel Broking

Below are Views On Garware Technical Fibres 3QFY21 Result Updates By Mr. Amarjeet Maurya, AVP – Mid Caps, Angel Broking Ltd

“During the 3QFY21, Garware Technical Fibres Ltd (GTFL)’s reported sales growth of ~20% to Rs282cr on back overall impairment in demand. On the EBITDA front, the company reported margin improvement (up  by 430bp YoY to 23.9%) back lower operating expenses. GTFL reported net profit growth of ~50% YoY to Rs43cr due to healthy sales growth and strong operating performance. 3Q Results were in line with expectation. Hence we are positive on stock.”

 

Above views are of the author and not of the website kindly read disclaimer
 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here