Garware Technical Fibres Ltd. announced a significant increase in its financial performance for the second quarter of FY27. The company reported a consolidated net profit of ₹58.6 crore, marking an impressive 83% jump compared to the same period last year. This growth was propelled by robust performance in its Salmon Aquaculture and USA Sports businesses, alongside sustained domestic market strength.
Garware Technical Fibres Reports Strong Q2 FY27 Performance
Garware Technical Fibres Ltd., a prominent manufacturer of technical textiles, has declared robust unaudited financial results for the quarter and half-year ended September 30, 2026. The company achieved a consolidated net profit of ₹58.6 crore for the second quarter of FY27 (Q2FY27), representing a substantial increase of 83.1% over the ₹32.0 crore recorded in Q2FY26. This surge in profitability underscores a period of strong operational execution and market demand.
Key Financial Highlights: Q2 FY27 vs Q2 FY26
The company’s consolidated net sales for Q2FY27 reached ₹462.6 crore, up by 33.0% from ₹347.9 crore in the corresponding quarter of the previous year. Profits before tax saw a significant rise of 66.8%, amounting to ₹76.1 crore in Q2FY27, compared to ₹45.7 crore in Q2FY26. Earnings Per Share (EPS) also grew by a notable 86.5%, from ₹3.22 in Q2FY26 to ₹6.00 in Q2FY27.
6M FY27 Performance Shows Consistent Growth
For the first half of FY27 (6MFY27), Garware Technical Fibres reported consolidated net sales of ₹945.0 crore, an increase of 32.1% compared to ₹715.1 crore in 6MFY26. Profits before tax for the half-year were ₹162.5 crore, up 40.0% from ₹116.0 crore in 6MFY26. The consolidated Profit After Tax (PAT) for 6MFY27 stood at ₹123.0 crore, a 44.6% increase from ₹85.1 crore in 6MFY26. EPS for the period rose by 46.5% to ₹12.56 from ₹8.57 in the prior year.
Management Commentary on Growth Drivers
Mr. Vayu Garware, CMD of Garware Technical Fibres Ltd., commented on the company’s performance, highlighting a ~83% profit growth in the current quarter. He attributed this success to the robust performance of the Salmon Aquaculture and USA Sports businesses, coupled with sustained healthy growth in the domestic market. The Geosynthetics business also continued its profitable growth trajectory. He noted that the Value-Added Rope business is performing well in both international and domestic markets.
Despite inflationary pressures from raw material prices and elevated freight costs, the company has effectively managed these challenges through strategic price increases, prudent procurement, operational efficiencies, and strong customer relationships. The company also reported significant improvements in Free Cash Flow and Return on Capital Employed (ROCE) in H1FY27, supported by a strong balance sheet and improved working capital management. Garware Technical Fibres remains focused on innovation and new product development, confident in delivering profitable growth while monitoring global economic factors.
Source: BSE
