Garware Technical Fibres Faces Mixed Financial Performance Amid Rising Interest Expenses

Garware Technical Fibres, a midcap player in the textile industry, has recently undergone an evaluation adjustment reflecting its current market position and performance indicators. The company has reported flat financial performance for the quarter ending December 2024, with net sales showing an annual growth rate of 8.52% and operating profit at 12.95% over the past five years.
In the latest quarter, interest expenses reached Rs 16.91 crore, marking a growth of 31.90%. However, both profit before tax (PBT) and profit after tax (PAT) have shown declines compared to the previous four-quarter averages, with PBT at Rs 53.05 crore and PAT at Rs 47.77 crore, reflecting a downward trend.

Despite these challenges, Garware Technical Fibres maintains a high return on equity (ROE) of 20.1, although its valuation appears elevated with a price-to-book ratio of 6.9, positioning it at a premium relative to its peers. The stock has generated a return of 17.88% over the past year, outperforming the broader market, which has seen negative returns.

For more insights, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.