Integrated Filing — IndAS



General information about company
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 Consolidated
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



Financial Results Ind-AS
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 Consolidated
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 3672274000
Other income 128388000
Total income 3800662000
2 Expenses
(a) Cost of materials consumed 1105593000
(b) Purchases of stock-in-trade 284328000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -345567000
(d) Employee benefit expense 579142000
(e) Finance costs 31600000
(f) Depreciation, depletion and amortisation expense 74075000
(f) Other Expenses
1 Processing and testing charges 357395000 357395000
2 Others 1010150000 1010150000
Total other expenses 1367545000
Total expenses 3096716000
3 Total profit before exceptional items and tax 703946000
4 Exceptional items 0
5 Total profit before tax 703946000
6 Tax expense
7 Current tax 209043000
8 Deferred tax -36000000
9 Total tax expenses 173043000
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 530903000
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 537000
16 Total profit (loss) for period 531440000
17 Other comprehensive income net of taxes 30690000
18 Total Comprehensive Income for the period 562130000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 530903000
Total profit or loss, attributable to non-controlling interests 537000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 561593000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 537000
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 5.35
Diluted earnings (loss) per share from continuing operations 5.35
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 5.35
Diluted earnings (loss) per share from continuing and discontinued operations 5.35
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
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
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
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 Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Synthetic Cordage 2698756000 2698756000
2 Fibre and Industrial Products & Projects 1043688000 1043688000
Total Segment Revenue 3742444000
Less: Inter segment revenue 70170000 70170000
Revenue from operations 3672274000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Synthetic Cordage 555224000 555224000
2 Fibre and Industrial Products & Projects 160346000 160346000
Total Profit before tax 715570000
i. Finance cost 31600000 31600000
ii. Other Unallocable Expenditure net off Unallocable income -19976000 -19976000
Profit before tax 703946000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Synthetic Cordage 7670591000 7670591000
2 Fibre and Industrial Products & Projects 1853805000 1853805000
Total Segment Asset 9524396000 9524396000
Un-allocable Assets 8618646000 8618646000
Net Segment Asset 18143042000 18143042000
4 Segment Liabilities
Segment Liabilities
1 Synthetic Cordage 3187399000 3187399000
2 Fibre and Industrial Products & Projects 795705000 795705000
Total Segment Liabilities 3983104000 3983104000
Un-allocable Liabilities 1179146000 1179146000
Net Segment Liabilities 5162250000 5162250000
Disclosure of notes on segments



Other Comprehensive Income
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 Consolidated
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