Garware Technical Fibres has announced its audited financial results for the quarter and year ended March 31, 2026. Despite facing headwinds from Middle East geopolitical tensions, the company maintained steady performance. Net sales for the quarter reached Rs. 426.4 Cr, while the company reported a consolidated net profit before tax and exceptional items of Rs. 91.8 Cr. Management remains optimistic about healthy profit growth in the coming year, driven by strong aquaculture demand.
Financial Performance Overview
For the fourth quarter of fiscal year 2026, Garware Technical Fibres reported net sales of Rs. 426.4 Cr. The profit before tax and exceptional items stood at Rs. 91.8 Cr, compared to Rs. 96.8 Cr in the same period last year. The adjusted PAT for the quarter was Rs. 67.7 Cr, with an adjusted EPS of Rs. 6.82.
On an annual basis, the company concluded 12M FY26 with total net sales of Rs. 1528.8 Cr and a consolidated profit before tax and exceptional items of Rs. 283.3 Cr. The adjusted PAT for the full year reached Rs. 209.1 Cr, resulting in an EPS of Rs. 21.06.
Management Commentary and Market Outlook
Mr. Vayu Garware, CMD, noted that the business performance successfully normalized in the second half of the fiscal year. Key segments like Salmon aquaculture and the U.S. market returned to their expected order flow volumes during Q4. The company’s geo-synthetics business continues to demonstrate strong growth momentum and solid returns on capital employed (ROCE).
Looking ahead, the company is managing the impact of rising raw material costs and supply chain disruptions caused by the Middle East conflict. To mitigate these challenges, the company has increased inventory levels to ensure uninterrupted supply. With the resolution of U.S. tariff concerns and stable demand in its core segments, the leadership is confident in achieving healthy profit growth in FY27.
Source: BSE
