Garware Synthetics standalone net profit declines 75.38% in the March 2021 quarter

Sales rise 22.32% to Rs 2.74 crore

Net profit of Garware Synthetics declined 75.38% to Rs 0.16 crore in the quarter ended March 2021 as against Rs 0.65 crore during the previous quarter ended March 2020. Sales rose 22.32% to Rs 2.74 crore in the quarter ended March 2021 as against Rs 2.24 crore during the previous quarter ended March 2020.

For the full year,net profit rose 427.27% to Rs 0.58 crore in the year ended March 2021 as against Rs 0.11 crore during the previous year ended March 2020. Sales declined 9.22% to Rs 8.27 crore in the year ended March 2021 as against Rs 9.11 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales2.742.24 22 8.279.11 -9 OPM %14.6011.16 -12.823.29 - PBDT0.190.25 -24 0.630.21 200 PBT0.190.24 -21 0.610.18 239 NP0.160.65 -75 0.580.11 427

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