Garware Technical Fibres Limited has reported its financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹1 per share (10%). Additionally, the company announced the re-appointment of its leadership and expanded its management team to drive future growth. The company reported a standalone annual profit of ₹211.27 crore, showcasing resilience and consistent performance across its core segments.
Annual Financial Performance
For the financial year ended March 31, 2026, the company achieved a standalone revenue from operations of ₹1,418.98 crore. The standalone net profit for the year stood at ₹211.27 crore. On a consolidated basis, the company reported an annual revenue of ₹1,528.79 crore and a consolidated net profit of ₹198.67 crore. These figures reflect the company’s sustained demand within the Synthetic Cordage and Fibre & Industrial Products segments.
Dividend Recommendation
To reward shareholders, the Board of Directors has recommended a final dividend of ₹1 per equity share (10%) for the financial year 2025-26. This is in addition to the interim dividend of ₹8 per share (80%) already declared, highlighting the company’s commitment to delivering consistent shareholder returns. The final dividend payout is subject to approval at the upcoming Annual General Meeting.
Leadership and Strategic Appointments
The company has strengthened its governance and management structure to ensure long-term stability. The Board has approved the re-appointment of Mr. V. R. Garware as Chairman and Managing Director for another five-year term, effective December 1, 2026. Furthermore, the company has appointed Ms. Poonam Gupta as the new Chief Human Resource Officer, effective May 20, 2026, to oversee strategic human capital initiatives.
Operational Highlights
The company continues to focus on its two primary business segments. The Synthetic Cordage division remains a significant revenue contributor, while the Fibre and Industrial Products & Projects segment continues to show promising growth. The company is also navigating structural changes, including the impact of updated national labour codes, which resulted in a one-time adjustment in gratuity and leave liability of ₹13.90 crore, reported as an exceptional item for the year.
Source: BSE
