Outcome of Board Meeting held on 20th May, 2026 including the Audited Standalone and Consolidated Financial Results for the quarter & year ended 31st March, 2026
GARFIBRES · price
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On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 3.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Garware Technical Fibres reported audited standalone revenue of Rs 1,41,898 lakhs for FY2026, down 4.7% from Rs 1,48,868 lakhs in FY2025. Standalone profit after tax fell marginally to Rs 21,127 lakhs from Rs 21,407 lakhs. Consolidated revenue was Rs 1,52,879 lakhs with consolidated PAT declining 14.2% to Rs 19,867 lakhs due to acquisition costs and integration of newly acquired Norway subsidiaries (OTS and AMS). The Board declared a final dividend of Rs 1 per share, adding to the Rs 8 interim dividend already paid, totaling Rs 9 per share for FY2026. An exceptional charge of Rs 1,390 lakhs was recorded due to increased gratuity and leave liabilities from new Indian Labour Codes. A share buyback of up to 16.17 lakh shares at Rs 680 per share (Rs 11,000 lakhs) was approved.
Revenue and profit declined year-on-year due to lower volumes and acquisition-related costs. The buyback signals management confidence, and the combined 90% dividend yield is shareholder-friendly. The stock may see neutral to slightly negative reaction given PAT decline, though the buyback could provide support.