Garware Technical Fibres Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net profit of Rs. 21,126.53 lakhs on a standalone basis for FY26. The Board has recommended a final dividend of Rs. 1 per share (10%) for the financial year, in addition to the interim dividend of Rs. 8 per share. Additionally, the company announced key leadership appointments and re-appointments.
FY26 Financial Performance
For the financial year ended March 31, 2026, the company achieved standalone revenue from operations of Rs. 1,41,898.37 lakhs. The standalone net profit for the year stood at Rs. 21,126.53 lakhs. On a consolidated basis, the company reported an annual revenue of Rs. 1,52,878.63 lakhs and a profit after tax of Rs. 19,867.39 lakhs (attributable to owners of the parent).
Dividend Recommendation
The Board of Directors has recommended a final dividend of Rs. 1 per share (10%) for the financial year 2025-26, subject to approval at the ensuing Annual General Meeting. This is in addition to the interim dividend of Rs. 8 per share (80%) already declared, bringing the total dividend payout for the year to Rs. 9 per share.
Leadership and Strategic Appointments
The company announced significant leadership updates approved by the Board:
- Mr. V. R. Garware has been re-appointed as Managing Director, designated as Chairman and Managing Director, for a five-year term effective December 1, 2026.
- Dr. Shridhar Shrikrishna Rajpathak has been re-appointed as a non-executive Independent Director for a second five-year term starting November 12, 2026.
- Mr. A. S. Wagle continues his term as a non-executive Independent Director.
- Ms. Poonam Gupta has been appointed as the Chief Human Resource Officer, effective May 20, 2026.
Operational Highlights
The company noted an exceptional item impact due to the consolidation of 29 existing labour legislations into four new Labour Codes, effective November 21, 2025. This resulted in an increased gratuity and leave liability of Rs. 1,390 lakhs, which has been presented as an exceptional item for the quarter and year ended March 31, 2026.
Source: BSE
