Garware Technical Fibres Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company posted standalone net profit of ₹5,481.73 lakh for the final quarter and ₹21,126.53 lakh for the full fiscal year. Alongside strong operational performance, the Board has recommended a final dividend of ₹1 per share and announced significant leadership re-appointments, including Mr. V. R. Garware as Chairman and Managing Director.
Annual Financial Performance
For the financial year ended March 31, 2026, Garware Technical Fibres reported a robust consolidated annual revenue of ₹1,52,878.63 lakh. The consolidated net profit for the year stood at ₹19,867.39 lakh. The company’s performance was supported by strong growth across its primary business segments, including Synthetic Cordage and Fibre and Industrial Products & Projects.
Dividend Recommendation
Reflecting the company’s commitment to shareholder value, the Board of Directors has recommended a final dividend of ₹1 per share (10%) for the financial year 2025-26. This is in addition to the interim dividend of ₹8 per share (80%) already declared during the year, bringing the total dividend payout to ₹9 per share.
Leadership and Management Changes
The company announced key leadership renewals to ensure continued strategic oversight. Mr. V. R. Garware has been re-appointed as the Chairman and Managing Director for a period of five years, effective December 1, 2026. Additionally, the Board has approved the re-appointment of Dr. Shridhar Shrikrishna Rajpathak as a Non-Executive Independent Director for a second five-year term.
Strengthening Senior Management
Further bolstering its leadership team, the company has appointed Ms. Poonam Gupta as the Chief Human Resource Officer, effective May 20, 2026. Ms. Gupta brings over 20 years of experience in human resources and administration to the organization, as the company seeks to enhance its operational and human capital capabilities.
Operational Highlights
The financial results also highlighted the successful integration of Offshore & Trawl System AS and Advanced Mooring System AS, Norway, following their 100% acquisition by the company in July 2025. Furthermore, the Board has moved forward with a share buy-back initiative, approved on May 8, 2026, to repurchase up to 16,17,500 equity shares at a price of ₹680 per share.
Source: BSE
