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NSEI:GARFIBRES

Garware Technical Fibres Full Year 2024 Earnings: Beats Expectations

Simply Wall St

May 29, 2024

Garware Technical Fibres (NSE:GARFIBRES) Full Year 2024 Results

Key Financial Results

Revenue: ₹13.7b (up 4.8% from FY 2023).
Net income: ₹2.08b (up 21% from FY 2023).
Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₹102 (up from ₹83.54 in FY 2023).

earnings-and-revenue-growth — NSEI:GARFIBRES Earnings and Revenue Growth May 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Garware Technical Fibres Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India.

Performance of the Indian Luxury industry.

The company's shares are up 7.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Garware Technical Fibres' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.