Revenue and Profitability Trends
Garware Marine's net sales have exhibited notable volatility over the past seven years. Starting from ₹1.25 crore in March 2019, sales peaked at ₹1.58 crore in March 2022 before declining to ₹1.20 crore in March 2025. The dip in sales during the fiscal year ending March 2024 to ₹0.66 crore stands out as a significant contraction, followed by a recovery in the subsequent year. Throughout this period, the company reported no other operating income, indicating reliance solely on core sales for revenue generation.
Operating expenses, primarily employee costs and other expenses, have remained relatively stable, with employee costs ranging between ₹0.36 crore and ₹0.64 crore annually. Other expenses fluctuated, reaching a high of ₹0.96 crore ...
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