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Garware Wall Ropes New Lifetime High On Back of Strong Q1

Garware-Wall Ropes, one of the


leading
manufacturers
of
technical
textiles,
has
announced an increase of 35.1
per cent in the net income of the
Company for the quarter ended
30th June 2016. Net profit
reached Rs. 19.76 crore in the
second quarter, compared to
Rs. 14.62 crore in the
corresponding period of the
previous year.
The profit before tax (PBT) of the Company, also increased by 31.1 per cent to Rs 28.40 crore
in the first quarter 2016, compared to Rs. 21.66 crore in the same quarter last year. EPS for
the period is registered at Rs. 9.03, which marks an increase of 35.1 per cent, compared to the
same period last fiscal.
Sales revenue, however, dipped from Rs 239.32 crore in the first quarter 2015 to Rs 225.06
crore in the first quarter of 2016.
Most recently the company received an upgrade from the credit rating agency ICRA to (ICRA)
AA- from (ICRA) A+ basis the long-term facilities availed by the company.

Garware-Wall Ropes
Garware-Wall Ropes (GWRL) is a leading player in the technical textiles field, established in
the year 1976. The Company specializes in providing customized solutions to the cordage as
well as infrastructure industry.
Garware-Wall Ropes is known for its innovation in the field of fisheries, aquaculture, shipping,
sports, agriculture, and coated fabrics along with geosynthetics. The products of the Company
are manufactured in state-of-art facilities at Wai and Pune (both facilities are in Maharashtra,
India) and are marketed in more than 75 countries worldwide.
Garware Wall Ropes share price is currently trading at Rs 522.00, up by 6.61 per cent. The
share made a 52 week high of Rs 539.40 in todays trading session.

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