The Audited Standalone and Consolidated Financial results for the quarter and year ended 31st March 2026 were taken on record and approved by the Board of Directors of the Company at its ....
GARFIBRES · price
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Garware Technical Fibres reported audited FY2025-26 results. Standalone revenue declined 4.7% to Rs 1,41,898 lakhs while consolidated revenue was nearly flat at Rs 1,52,879 lakhs. Consolidated PAT fell 14.2% to Rs 19,867 lakhs versus Rs 23,154 lakhs last year, with EPS dropping to Rs 20.01 from Rs 23.32. The company recognized an exceptional charge of Rs 1,390 lakhs due to new labour codes (gratuity and leave liability changes effective November 2025). The Board recommended a final dividend of Rs 1 per share, bringing total dividend for the year to Rs 9 per share (including Rs 8 interim). The company completed a Norway acquisition (OTS and AMS) in July 2025, making year-on-year consolidated comparisons non-comparable.
The 14% decline in consolidated profit and lower EPS may weigh on the stock near-term despite the shareholder-friendly buyback announcement. The buyback of up to 16.17 lakh shares at Rs 680 per share provides some support. The exceptional charge is a one-time item not related to core operations.