Speaking on the results, Mr. Vayu Garware CMD Garware Wall Ropes said, "After a subdued second quarter, our profit growth is back on track. The domestic business has posted a modest recovery post the GST implementation issues faced by the distribution channel in the second quarter. The international business continued to do well spearheaded by aquaculture and sports segment. ".

Performance for 9 months ended Dec 17

For the 9 months ended Dec 17, net sales grew by 2% to Rs 649.82 crore. OPM was up by 210 bps to 17.7% resulting in a 16% increase in OP to Rs 114.98 crore. Other income was up by 70% to Rs 16.14 crore. Interest costs and depreciation was up by 66% and 7% respectively to Rs 7.72 crore and Rs 11.34 crore. After providing total tax of Rs 36.28 crore, PAT for Dec 17 quarter stood at Rs 75.78 crore up by 17% YoY.