Submission of Outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garware Synthetics reported FY2026 revenue of ₹1,033.92 lakhs, a decline of about 3.6% from ₹1,072.99 lakhs in FY2025. Despite lower revenue, the company saw a dramatic turnaround in profitability with PAT jumping to ₹36.22 lakhs from just ₹1.30 lakhs in the prior year. EPS improved from ₹0.12 to ₹0.72 per share. The auditor gave an unmodified (clean) opinion on the financial statements. However, the company reported negative operating cash flow of ₹11.95 lakhs compared to positive ₹4.16 lakhs in FY2025. Other equity remains significantly negative at ₹(734.17) lakhs, though slightly improved from ₹(777.57) lakhs.
The sharp PAT growth is positive but was aided by minimal exceptional items versus ₹27.74 lakhs writeback in FY2025. Negative operating cash flow and deeply negative equity reserves are red flags despite the profit improvement. The clean audit provides some comfort to investors.