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Net sales for quarter ended Mar'15 stood at Rs 196.91 crore, up by 3% YoY. OPM stood at 11.5%, up by 150 bps thus resulting in OP growth of 32% to Rs 22.71 crore. Other income was up by 720% to Rs 0.41 crore. Interest costs was up by 50% to Rs 3.25 crore resulting PBDT growth of 31% to Rs 19.87 crore. Depreciation was down by 13% to Rs 2.97 crore resulting a 44% growth in PBT to Rs 16.90 crore. After paying total tax of Rs 4.65 crore, up by 8% YoY, PAT for the quarter ended Mar'15 stood at Rs 12.25 crore, up by 66% YoY.
Mr Vayu Garware, CMD, Garware Wall Ropes Ltd.
"The Company is continuing its strategy of profitable growth based on three pillars: Innovation, Geographic expansion and Operational excellence. We are pleased with the results which have shown sustained profit and business growth throughout the year. The Company has now an ever increasing differentiated product portfolio that straddles various applications which would aid in boosting the growth in the coming year"
Performance for the year ended March 2015
Net sales for FY 2015 stood at Rs 784.25 crore, up by 14% YoY. OPM stood at 10.4%, up by 90 bps thus resulting in OP growth of 24% to Rs 81.44 crore. Other income was up by 25% to Rs 83.15 crore. Interest costs was down by 20% to Rs 10.25 crore resulting PBDT growth of 36% to Rs 72.90 crore. Depreciation was down by 14% to Rs 12.39 crore resulting a 55% growth in PBT to Rs 60.51 crore. After paying total tax of Rs 17.46 crore, up by 41% YoY, PAT for the year ended Mar 2015 stood at Rs 43.05 crore, up by 61% YoY.
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