Garware Technical Fibers, founded in 1976, is a leading manufacturer of technical textiles. The company creates world class technical ropes that are used for fisheries, agriculture, shipping and industrial purposes, geosynthetics and sports. For the second quarter Garware Technical Fibers’ net sales grew 27.1 per cent. Profit before tax grew by 17.4 percent compared to the same quarter last year. Net profit grew 17 per cent. EPS for the period grew by 17 per cent.

For the first half of the fiscal year net sales grew by 12.7 per cent. Profit before tax grew by 18.7 per cent. Net profit has grown by 18.8 per cent. EPS for the period grew by 18.8 per cent.

Garware specializes in providing customized solutions worldwide. The company’s products are manufactured in state-of-art facilities at Wai and Pune and marketed in more than 75 countries. Over the past four decades, Garware has built a strong reputation for quality, value addition and application-focused innovation. Its solution segments are niche. These solutions are focused on progress and productivity for agriculture and fisheries, which typically constitutes almost 15 per cent of India’s GDP.

The company was earlier known as Garware Wall Ropes. Garware Technical Fibers aims at doubling its profit over the next five to seven years.