General information about company |
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| Scrip Code | 509557 | ||
| NSE Symbol | GARFIBRES | ||
| MSEI Symbol | NOTLISTED | ||
| ISIN | INE276A01018 | ||
| Name of company | Garware Technical Fibres Limited | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2025 | ||
| Date of end of financial year | 31-Mar-2026 | ||
| Date of board meeting when results were approved | 08-Aug-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 01-Aug-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| Reporting Type | Quarterly | ||
| Reporting Quarter | First quarter | ||
| Nature of report standalone or consolidated | Standalone | ||
| Whether results are audited or unaudited for the quarter ended | Unaudited | ||
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |||
| Segment Reporting | Multi segment | ||
| Description of single segment | |||
| Start date and time of board meeting | 08-Aug-2025 13:00:00 | ||
| End date and time of board meeting | 08-Aug-2025 15:15:00 | ||
| Whether cash flow statement is applicable on company | |||
| Type of cash flow statement | |||
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable | ||
| Whether the company has any related party? | |||
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | |||
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | |||
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | |||
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | |||
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |||
| (b) If answer to above question is No, please explain the reason for not complying. | |||
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | |||
| Latest Date on which RPT policy is updated | |||
| Indicate Company website link for updated RPT policy of the Company | |||
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No | ||
| No. of times funds raised during the quarter | |||
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No | ||
| Not Applicable as we don't have any default on loans and debt securities outstanding as on June 30 2025 | |||
Financial Results Ind-AS |
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| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Standalone | |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 3480430000 | ||
| Other income | 123516000 | ||
| Total income | 3603946000 | ||
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 922469000 | |
| (b) | Purchases of stock-in-trade | 284328000 | |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | -286125000 | |
| (d) | Employee benefit expense | 558670000 | |
| (e) | Finance costs | 25353000 | |
| (f) | Depreciation, depletion and amortisation expense | 73626000 | |
| (f) | Other Expenses | ||
| 1 | Processing and testing charges | 349197000 | 349197000 |
| 2 | Others | 958965000 | 958965000 |
| Total other expenses | 1308162000 | ||
| Total expenses | 2886483000 | ||
| 3 | Total profit before exceptional items and tax | 717463000 | |
| 4 | Exceptional items | 0 | |
| 5 | Total profit before tax | 717463000 | |
| 6 | Tax expense | ||
| 7 | Current tax | 201922000 | |
| 8 | Deferred tax | -36032000 | |
| 9 | Total tax expenses | 165890000 | |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | |
| 11 | Net Profit Loss for the period from continuing operations | 551573000 | |
| 12 | Profit (loss) from discontinued operations before tax | 0 | |
| 13 | Tax expense of discontinued operations | 0 | |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | |
| 16 | Total profit (loss) for period | 551573000 | |
| 17 | Other comprehensive income net of taxes | 30690000 | |
| 18 | Total Comprehensive Income for the period | 582263000 | |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 992658000 | ||
| Face value of equity share capital | 10 | ||
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 5.56 | ||
| Diluted earnings (loss) per share from continuing operations | 5.56 | ||
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | ||
| Diluted earnings (loss) per share from discontinued operations | 0 | ||
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 5.56 | ||
| Diluted earnings (loss) per share from continuing and discontinued operations | 5.56 | ||
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
Disclosure of notes on financial results |
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| Textual Information(1) | 1.The Unaudited Standalone Financial Results of Garware Technical Fibres Limited the Company as well as Consolidated Financial Results of the Company and its Subsidiaries and its associates for the quarter ended 30th June 2025, were reviewed by the Audit Committee and have been taken on record and approved by the Board of Directors at its meeting held on Friday 08th August 2025. The Statutory Auditors of the Company have carried out a Limited Review of the Financial Statements for the quarter ended 30th June 2025. n2.These results have been prepared in accordance with the Companies Indian Accounting Standards Rules, 2015 prescribed under Section 133 of the Companies Act, 2013 and other recognized practices and policies to the extent applicable. n3.During the quarter, the Company incorporated a subsidiary named as Garware Technical Fibres AS.GTF AS in Norway with initial capital of INR 2.55 Lakhs I.e. Nok 30,000 comprising 30,000 shares of Nok 1 each. nOn 25.06.2025, The Company contributed, assigned and transferred, all of its rights, title and interest in and to the Business Undertaking along with all its assets and liabilities in its Norway Branch i.e. Garware Technical Fibres NUF on a going concern basis to GTF AS. The Consideration for the same was discharged by GTF AS by issuance of its 100% paid up shares to the Company. The Accounts of GTF AS have been consolidated in the Consolidated Financial Statements of the Group. n4.During the quarter, the Company has infused initial capital of INR 11.60 Lakhs I.e. GBP 10,000 comprising 10,000 shares of GBP 1 each into its wholly owned subsidiary in United Kingdom named as Garware Technical Fibres UK Pvt. Ltd. nFurther, as on July 4, 2025, the Company has made further investment in GTF UK of INR 11160.52 Lakhs by way of subscription to 93,94,444 equity shares of GBP 1 each, for aggregate subscription value of GBP 93,94,444 on the understanding that the said investment shall be utilized by GTF UK principally for the acquisition of 100% of the issued equity share of Offshore and Trawl Supply AS and Advanced Mooring Supply AS. The Accounts of GTF UK have been consolidated in the Consolidated Financial Statements of the Group. n5.During the quarter, Garware Technical Fibres UK Pvt. Ltd. wholly owned subsidiary of the Company has entered into definitive Share Purchase Agreement with the SellerS of Offshore and Trawl Supply AS and Advanced Mooring Supply AS, both private limited liability companies duly registered and validly existing under the laws of Norway for an aggregate acquisition value of NOK 122 Million. On 7th July 2025, GTF UK has successfully completed the acquisition of the said Norwegian Companies. Consequent to the acquisition as above, OTS and AMS have become wholly owned subsidiaries of GTF UK and consequently, step-down wholly owned subsidiaries of the Company. n6.On 6th January, 2025, the Company had issued 7,94,12,676 fully paid-up Bonus Equity Shares of Rs. 10 each in the ratio of 4:1 to the eligible members of the Company by capitalizing Rs. 79,41,26,760 out of General Reserve of the Company. As a result of the bonus issue, the paid-up capital of the Company stands increased to Rs.992,658,000 from Rs. 198,532,000. nIn accordance with the IND AS 33 Earnings per Share, the figures of Earnings per Share for the quarter ended June 30, 2024 have been restated to give effect to the allotment of the bonus shares : EPS without adjusting for Bonus Shares would have been Standalone for quarter ended June 24 Not annualized 28.19 Consolidated for quarter ended June 24 Not annualized 23.38. n7.The figures for the quarter ended 31st March, 2025, are the balancing figures between audited figures of the year ended 31st March, 2025 and the published figures of the nine months ended 31st December, 2024 which were subjected to limited review. n8.The figures of previous periods have been regrouped / rearranged, wherever necessary to conform to current period's presentation. | ||
Remarks |
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| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Apr-2025 | ||||||
| Date of end of reporting period | 30-Jun-2025 | ||||||
| Whether accounts are audited or unaudited | Unaudited | ||||||
| Nature of report standalone or consolidated | Standalone | ||||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Synthetic Cordage | 2506912000 | 2506912000 | ||||
| 2 | Fibre and Industrial Products & Projects | 1043688000 | 1043688000 | ||||
| Total Segment Revenue | 3550600000 | ||||||
| Less: Inter segment revenue | 70170000 | 70170000 | |||||
| Revenue from operations | 3480430000 | ||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Synthetic Cordage | 515755000 | 515755000 | ||||
| 2 | Fibre and Industrial Products & Projects | 160346000 | 160346000 | ||||
| Total Profit before tax | 676101000 | ||||||
| i. Finance cost | 25353000 | 25353000 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | -66715000 | -66715000 | |||||
| Profit before tax | 717463000 | ||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Synthetic Cordage | 7374444000 | 7374444000 | ||||
| 2 | Fibre and Industrial Products & Projects | 1853805000 | 1853805000 | ||||
| Total Segment Asset | 9228249000 | 9228249000 | |||||
| Un-allocable Assets | 8568675000 | 8568675000 | |||||
| Net Segment Asset | 17796924000 | 17796924000 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Synthetic Cordage | 3019478000 | 3019478000 | ||||
| 2 | Fibre and Industrial Products & Projects | 795705000 | 795705000 | ||||
| Total Segment Liabilities | 3815183000 | 3815183000 | |||||
| Un-allocable Liabilities | 1196821000 | 1196821000 | |||||
| Net Segment Liabilities | 5012004000 | 5012004000 | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2025 | |
| B | Date of end of reporting period | 30-Jun-2025 | |
| C | Whether results are audited or unaudited | Unaudited | |
| D | Nature of report standalone or consolidated | Standalone | |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of Investment in Equity Instruments | 39085000 | 39085000 |
| 2 | Remeasurement of Defined Benefit Obligation | -2806000 | -2806000 |
| Total Amount of items that will not be reclassified to profit and loss | 36279000 | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 5589000 | |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 30690000 | |