Garware Technical Fibres announced its unaudited results for Q3FY26, reporting a 21.8% increase in consolidated Profit Before Tax (PBT) to Rs. 75.4 Cr, compared to Rs. 61.9 Cr in the previous year’s quarter. While Q3 saw a strong rebound following Q2 challenges, the nine-month figures reflect a slight decline due to earlier external factors. Management is optimistic about returning to healthy growth next year following tariff resolutions.
Garware Technical Fibres Q3FY26 Financial Highlights
Garware Technical Fibres Ltd. today released its unaudited financial results for the quarter and nine months ending December 31, 2025. The company highlighted significant recovery and strong performance in the third quarter of FY26.
Consolidated Q3 FY26 Performance
The third quarter demonstrated robust growth compared to Q3FY25:
- Net Sales increased by 10.4% to Rs. 387.2 Cr (vs. Rs. 350.7 Cr in Q3FY25).
- Profit before tax (PBT) surged by 21.8% to Rs. 75.4 Cr (vs. Rs. 61.9 Cr).
- Net profit after tax (PAT) rose by 17.6% to Rs. 56.2 Cr (vs. Rs. 47.8 Cr).
- Earnings Per Share (EPS) grew by 17.7% to Rs. 5.66/- (vs. Rs 4.81).
Consolidated 9M FY26 Performance Overview
Performance over the first nine months reflected earlier industry headwinds, although Q3 recovered ground:
- Net Sales declined slightly by 0.5% to Rs. 1102.4 Cr (vs. Rs. 1107.6 Cr in 9MFY25).
- PBT declined to Rs. 191.5 Cr (vs. Rs. 211.7 Cr in 9MFY25).
- PAT declined to Rs. 141.3 Cr (vs. Rs. 160.5 Cr in 9MFY25).
- EPS for the 9M FY26 stands at Rs. 14.23.
Management Commentary and Outlook
Mr. Vayu Garware, CMD, noted that the financial performance “came on track in Q3FY26 after a challenging Q2”, which was impacted by a one-time event causing a significant decline in North European Salmon Aquaculture orders. Order flow is now reported as normalized.
Specific performance highlights mentioned:
- Positive results were seen in Chile, the international value-added ropes business, and significant growth in domestic business.
- USA duties impacted Q3 profitability margins, but the company has retained all US customers. Management anticipates a return to original margins and ordering cycles following recent tariff relaxation announcements.
- The Geosynthetics business continues to show excellent growth momentum in profitability and ROCE.
- A new product launched in Norway in H1 is receiving a very positive response.
The management expressed confidence in returning to healthy profit growth in the coming year, driven by better visibility in the Salmon Aquaculture business and the resolution of USA Tariff issues.
About Garware Technical Fibres Limited
Garware Technical Fibres Ltd. is a leading player in Technical Textiles, specializing in providing customized solutions globally. The company is recognized for applied innovation in sectors including sports, fisheries, aquaculture, shipping, agriculture, coated fabrics, and geo-synthetics. Products are manufactured in state-of-the-art facilities at Wai and Pune and marketed in more than 75 countries.
Source: BSE
