Speaking on the results, Mr.Vayu Garware,CMD,GarwareTechnical Fibres Ltd.said, "In the third quarter our international and geo-synthetics businesses continued their growth momentum with some strong wins aided by our differentiated solution approach. Recently, we have been granted two patents which have tremendous potential to propel growth in the foreseeable future."

Performance for 9 months ended Dec 18

For the 9 months ended Dec 18, net sales grew by 12% to Rs 728.28 crore. OPM was up by 170 bps to 19.4% resulting in a 23% increase in OP to Rs 141.11 crore. Other income was down by 20% to Rs 12.85 crore. Interest costs and depreciation was up by 30% and 12% respectively to Rs 10.02 crore and Rs 12.69 crore. After providing total tax of Rs 42.25 crore, PAT for Dec 18 quarter stood at Rs 89 crore up by 17% YoY.