Submission of Outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 11.4 pts more than Nifty Microcap 250 and 10.9 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Garware Synthetics approved unaudited financial results for Q3 FY26 (Oct-Dec 2025) and nine months ended December 2025. Revenue from operations stood at Rs. 248.95 lakhs for Q3, down from Rs. 254.84 lakhs in the same quarter last year. Nine-month revenue was Rs. 793.05 lakhs versus Rs. 798.44 lakhs in the prior period, a marginal decline. Despite the revenue dip, the company swung to a profit of Rs. 21.63 lakhs in Q3 compared to a loss of Rs. 9.65 lakhs earlier, and posted Rs. 45.64 lakhs profit for nine months vs Rs. 0.50 lakhs earlier. Total expenses also fell from Rs. 830.73 lakhs to Rs. 742.83 lakhs in the nine-month period, driving the turnaround. The statutory auditor issued an unqualified limited review report.
The profit turnaround despite softer revenue signals margin improvement and cost discipline, which is positive for shareholders. However, the continued revenue softness is a watch point. The stock may see modest positive sentiment given the earnings recovery, though the small scale (single-digit crore turnover) means limited liquidity for investors.