Submission of Outcome of Board meeting
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Awaiting price reaction for this filing.
The Board of Garware Synthetics, meeting on 12 November 2025, approved the unaudited financial results for the quarter and half year ended 30 September 2025, along with a limited review report from Jayesh Dadia & Associates LLP. For Q2 FY26, revenue from operations stood at ₹283.85 lakhs versus ₹276.99 lakhs in Q2 FY25, a modest ~2.5% YoY growth. Net profit for the quarter was ₹12.04 lakhs, up sharply from ₹3.13 lakhs a year ago, with EPS of ₹0.31. For H1 FY26, total revenue was ₹544.88 lakhs and net profit was ₹24.01 lakhs, reflecting a strong turnaround from a loss-making position in prior periods. The company continues to operate in a single segment — Nylon Bristles, Rods & Tubes. The balance sheet shows negative other equity of ₹(753.56) lakhs, indicating accumulated losses still exceed reserves, and current borrowings of ₹529.79 lakhs remain elevated.
The results show a clear return to profitability on a small base, with both revenue and bottom line improving YoY — a positive turnaround signal. However, the negative reserves position and modest scale mean the stock remains a small-cap turnaround story; investors should watch for sustained revenue growth and reduction in borrowings.