Garware Technical Fibres announced that its Board of Directors approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The results were reviewed by the Statutory Auditors. Key highlights show Standalone Profit Before Tax at ₹20,556.41 Lakhs for the nine months. The company also noted the evaluation process for new Labour Codes and the impact of recent acquisitions in Norway.
Board Approval of Q3 FY2026 Financials
Garware Technical Fibres Limited has formally informed stock exchanges that the Board of Directors, following a meeting held on Wednesday, February 11, 2026, has taken on record and approved the Unaudited Standalone and Consolidated Financial Results for the third quarter (Q3) and the nine months ended December 31, 2025. The Board Meeting commenced at 01:30 p.m. and concluded at 04:00 p.m. The Trading Window is set to reopen 48 hours after the meeting’s conclusion.
Key Standalone Financial Highlights (Nine Months Ended Dec 31, 2025)
The unaudited standalone financial statements revealed significant performance metrics:
- Total Income: ₹1,08,549.64 Lakhs (compared to ₹1,14,194.96 Lakhs in the previous year period).
- Profit Before Tax: ₹20,556.41 Lakhs (compared to ₹21,216.98 Lakhs in the previous year period).
- Profit for the Period (PAT): ₹15,644.80 Lakhs (from Continuing Operations).
- Basic/Diluted EPS: ₹15.76 for the nine-month period.
Segment Performance Snapshot (Standalone)
The Segment Revenue for Net Sales/Income from Operations reached ₹1,04,750.56 Lakhs for the nine months. Segment results (Profit before tax and interest) are broken down as follows:
- Synthetic Cordage: Resulted in profit of ₹15,169.70 Lakhs.
- Fibre and Industrial Products & Projects: Resulted in profit of ₹5,133.76 Lakhs.
Consolidated Financial Overview (Nine Months Ended Dec 31, 2025)
The consolidated figures incorporating subsidiaries and associates show:
- Total Income: ₹1,14,225.10 Lakhs.
- Profit Before Tax: ₹19,145.07 Lakhs.
- Profit for the Period (PAT): ₹14,129.21 Lakhs (attributable to Owners of the Parent).
- Basic/Diluted EPS: ₹14.23 for the nine-month period.
Other Significant Notes
Several important updates were provided in the notes accompanying the results:
- Acquisitions: The results for the period include the operations of Offshore & Trawl System AS (“OTS”) and Advanced Mooring System AS (“AMS”), acquired on July 7, 2025, impacting comparability.
- Bonus Shares Impact: Earnings Per Share (EPS) figures for the quarter ended December 31, 2024, have been restated to reflect the allotment of bonus equity shares made on January 06, 2025. The restated Basic and Diluted EPS for that quarter was ₹24.00 (Consolidated).
- Labour Codes: Management is currently evaluating the financial impact of the 29 new consolidated Labour Codes effective November 21, 2025. The incremental liability, if any, will be accounted for by March 31, 2026.
Auditor’s Review Conclusion
The Independent Auditor’s Limited Review Report confirmed that, based on their review procedures, nothing has come to their attention that causes them to believe the financial statements contain any material misstatement. However, the conclusion regarding consolidated results includes reliance on the reviewed reports of other auditors for subsidiaries like Garware Environmental Services Private Limited and the unaudited information certified by management for associate TP Bhaskar Renewables Limited.
Source: BSE
