Garware Technical Fibres Limited has submitted to the Exchange, Outcome of Board Meeting held on 20th May, 2026 including the Audited Standalone and Consolidated Financial Results for the quarter & year ended 315t March, 2026.
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Garware Technical Fibres reported audited standalone revenue of Rs 1,41,898 Lakhs and consolidated revenue of Rs 1,52,879 Lakhs for FY 2025-26, both showing slight decline from prior year (standalone down 4.7%, consolidated down 0.7%). Consolidated profit after tax declined significantly to Rs 19,867 Lakhs from Rs 23,154 Lakhs in FY25, a ~14% decrease. An exceptional item of Rs 1,390 Lakhs was recorded due to increased gratuity and leave liabilities under new Labour Codes effective November 2025. The Board recommended a final dividend of Rs 1 per share (10%), adding to the Rs 8 interim dividend already paid. A share buyback of up to 16,17,500 shares at Rs 680 per share (aggregate Rs 11,000 Lakhs) was approved. The company acquired 100% stake in Offshore & Trawl System AS and Advanced Mooring System AS in Norway during July 2025. Statutory auditors issued unmodified (clean) opinions on both standalone and consolidated financial statements.
The revenue decline and 14% PAT reduction on consolidated basis signal challenging operating conditions, though the company maintains strong cash position with Rs 9,866 Lakhs cash on consolidated books. The share buyback program and dividends provide shareholder returns amid profitability pressure.