Submission of Un-Audited Financial Results for the Quarter ended 30.06.2025.
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Garware Synthetics Ltd submitted its Q1 FY26 (quarter ended 30 June 2025) unaudited financial results. Revenue from operations stood at ₹260.30 lakhs, down slightly from ₹266.60 lakhs in Q1 FY25. Total expenses fell sharply to ₹248.57 lakhs from ₹278.74 lakhs last year, driven by lower material costs and employee expenses. Profit before tax rose to ₹11.97 lakhs versus ₹7.03 lakhs in Q1 FY25, as the base period had included ₹19 lakhs in exceptional items. Profit after tax for the quarter was ₹11.97 lakhs (vs ₹7.03 lakhs), and basic EPS came in at ₹0.21 versus ₹0.12 a year ago. The statutory auditor (Jayesh Dadia & Associates LLP) issued an unmodified limited review report with no qualifications.
Marginal revenue decline is offset by significantly lower costs and the absence of exceptional items, leading to a sharp jump in net profit on a YoY basis — a positive read on operating efficiency. Investors should note the small absolute size of profits (₹11.97 lakhs) and the revenue softness, which keeps the stock in micro-cap territory with limited earnings cushion.