Garware Wall Ropes has posted an impressive result of 35% growth in net profits QoQ, even with revenue declining by 1.78% QoQ.
Garware Wall Ropes is in the synthetic polymer cordage industry. It manufactures fishing nets, sports nets, coated fabrics, geosynthetics etc. Company has recently ventured into defense sector in supplying camouflage nets, high altitude clothing etc.
The stock closed 2.9% below the opening price on the results day, closing at 469.75. Results were announced post market hours.
Trailing P/E stands at 15.34 for the previous close price of Rs 469.75.
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