Submission of Results for the Quarter and Year ended 31.03.2026.
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Garware Synthetics reported audited results for FY2026 with Total Revenue of ₹1035.46 lakhs, down from ₹1101.78 lakhs in FY2025 (approx 6% decline). However, Profit After Tax surged significantly to ₹36.22 lakhs from ₹1.30 lakhs in the prior year—a growth of approximately 2686%. The Q4 FY2026 quarter showed a loss of ₹9.41 lakhs on revenue of ₹240.87 lakhs. The auditors gave an unmodified (clean) opinion on the financial statements. The company continues to have negative other equity of ₹734.17 lakhs and negative operating cash flow of ₹11.95 lakhs for the year.
While full-year profit improved dramatically due to better operational efficiency and absence of prior-year exceptional items, the negative equity position and cash outflows remain concerning. The declining revenue trend in Q4 and negative equity are red flags despite the clean audit.