Garware Technical Fibres Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of Rs. 1.50 per equity share.
GARFIBRES · price
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The Board of Directors of Garware Technical Fibres Limited, at its meeting on May 15, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew about 16.3% to Rs. 1,48,868.01 lakhs (vs Rs. 1,27,992.34 lakhs in FY24), while standalone profit after tax rose about 7.6% to Rs. 21,407.49 lakhs. Consolidated revenue grew to Rs. 1,54,011.29 lakhs and consolidated PAT stood at Rs. 23,154.09 lakhs. The Board recommended a final dividend of Rs. 1.50 per equity share (15%) on shares of Rs. 10 face value, totalling Rs. 14.89 crore, subject to shareholder approval. The statutory auditors (Mehta Chokshi & Shah LLP) issued an unmodified opinion on the financial statements. Additionally, M/s SVD & Associates was appointed as Secretarial Auditor for five years, and a new Banking and Operation Committee was constituted.
Healthy revenue growth and steady profit expansion support a positive business outlook, while the 15% final dividend offers a modest income return to shareholders. The clean audit opinion, debt reduction (borrowings down from Rs. 11,855.52 lakhs to Rs. 6,141.86 lakhs standalone), and continued profitability are reassuring for investors, though margin compression is a minor watchpoint.