Garware Technical Fibres (509557) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2024 were approved by the Board on 8th August 2024.

• Statutory auditors conducted a limited review and found no material misstatements in the financial statements.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹35,600.64 lakhs, down from ₹37,081.27 lakhs in the previous quarter but up from ₹31,997.77 lakhs year-over-year.

• Standalone net profit for Q1 FY25 was ₹5,636.33 lakhs, compared to ₹6,910.15 lakhs in Q4 FY24 and ₹4,444.31 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹33,625.45 lakhs, down from ₹38,227.21 lakhs in Q4 FY24 and up from ₹32,566.73 lakhs in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹4,677.70 lakhs, compared to ₹6,956.07 lakhs in Q4 FY24 and ₹4,296.42 lakhs in Q1 FY24.

• Basic and diluted EPS (standalone) for Q1 FY25 stood at ₹28.19, compared to ₹33.91 in Q4 FY24 and ₹21.81 in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 was ₹23.38, compared to ₹34.09 in Q4 FY24 and ₹21.08 in Q1 FY24.

Outlook and guidance

• No explicit forward-looking guidance or outlook was provided in the reviewed period.