Garware Technical Fibres has released its financial results for the quarter and year ended March 31, 2026. The Board of Directors recommended a final dividend of Rs. 1 per share (10%), in addition to the interim dividend of Rs. 8 per share (80%) already declared. Furthermore, the company announced key leadership appointments, including the reappointment of Mr. V. R. Garware as Chairman and Managing Director, and the appointment of a new Chief Human Resource Officer.
Financial Highlights
For the financial year ended March 31, 2026, the company reported consolidated revenue from operations of Rs. 1,52,878.63 lakhs, compared to Rs. 1,54,011.29 lakhs in the previous year. The standalone net profit for the year stood at Rs. 21,126.53 lakhs, while the consolidated net profit after tax reached Rs. 19,867.39 lakhs. The company’s basic and diluted earnings per share (EPS) for the consolidated results were recorded at Rs. 20.01.
Dividend and Shareholder Returns
The Board has recommended a final dividend of Rs. 1 per equity share with a face value of Rs. 10, totaling Rs. 992.66 lakhs. This proposal is subject to approval at the upcoming Annual General Meeting. This final payment complements the interim dividend of Rs. 8 per share, representing a total dividend payout for the financial year.
Strategic Leadership Appointments
The company announced significant leadership updates approved by the Board:
- Mr. V. R. Garware has been reappointed as Managing Director, to be designated as Chairman and Managing Director, for a five-year term effective December 1, 2026.
- Dr. Shridhar Shrikrishna Rajpathak has been reappointed as a Non-Executive Independent Director for a second five-year term effective November 12, 2026.
- Ms. Poonam Gupta has been appointed as the Chief Human Resource Officer, effective May 20, 2026.
Business Developments
The consolidated results for the period reflect the impact of the acquisition of a 100% equity stake in Offshore & Trawl System AS and Advanced Mooring System AS, Norway, completed in July 2025. Additionally, the company noted that an increase in gratuity and leave liability due to new government labour codes has been recognized as an Exceptional Item of Rs. 1,390 lakhs in the current results.
Source: BSE
