Stating on the results, Mr. Vayu Garware, CMD, Garware-Wall Ropes Ltd. said, "The fourth quarter profit after tax has grown by 51.6% spurred by healthy revenues from our international business. We have been able to posit a strong profit for the full year and crossed the 100 crore profit after tax milestone on account of a double digit growth in our differentiated product basket. We look forward to accomplishing new benchmarks in the future."

Performance for 12 months ended Mar 18

For the 12 months ended Mar 18, net sales grew by 5% to Rs 884.61 crore. OPM was up by 210 bps to 18.1% resulting in a 19% increase in OP to Rs 160.49 crore. Other income was up by 111% to Rs 17.93 crore. Interest costs and depreciation was up by 53% and 8% respectively to Rs 9.98 crore and Rs 15.35 crore. After providing total tax of Rs 47.85 crore, PAT for Mar 18 quarter stood at Rs 105.24 crore up by 25% YoY.

Board recommends a final dividend of Rs 4.5 per equity share of face value of Rs 10 each for FY 18.