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 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 07-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 07-11-2025   13:00:00
End date and time of board meeting 07-11-2025   16:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 34,789.71 71,512.45
Other income 934.25 2,218.13
Total income 35,723.96 73,730.58
2 Expenses
(a) Cost of materials consumed 9,796.02 20,851.95
(b) Purchases of stock-in-trade 3,078.83 5,922.11
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,205.50) (5,661.16)
(d) Employee benefit expense 6,297.82 12,089.24
(e) Finance costs 348.92 664.92
(f) Depreciation, depletion and amortisation expense 862.20 1,602.95
(f) Other Expenses
1 Processing and Testing Charges 3,683.18 7,257.13
2 Others 9,297.00 19,398.50
Total other expenses 12,980.18 26,655.63
Total expenses 31,158.47 62,125.64
3 Total profit before exceptional items and tax 4,565.49 11,604.94
4 Exceptional items 0.00 0.00
5 Total profit before tax 4,565.49 11,604.94
6 Tax expense
7 Current tax 1,340.30 3,430.73
8 Deferred tax 26.67 (333.33)
9 Total tax expenses 1,366.97 3,097.40
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,198.52 8,507.54
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (5.36) 0.01
16 Total profit (loss) for period 3,193.16 8,507.55
17 Other comprehensive income net of taxes (2,036.21) (1,729.31)
18 Total Comprehensive Income for the period 1,156.95 6,778.24
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,162.31 6,778.24
Total profit or loss, attributable to non-controlling interests (5.36) 0.01
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,198.52 8,507.55
Total comprehensive income for the period attributable to owners of parent non-controlling interests (5.36) 0.01
21 Details of equity share capital
Paid-up equity share capital 9,926.58 9,926.58
Face value of equity share capital 10 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 3.22 8.57
Diluted earnings (loss) per share from continuing operations 3.22 8.57
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.22 8.57
Diluted earnings (loss) per share from continuing and discontinued operations 3.22 8.57
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) Notes 1. Statement of Assets and Liabilities. 2. Cash Flow Statement 3. 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 and half year ended 30th September, 2025, the Financial Statements, 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, 7th November 2025. The Statutory Auditors of the Company have carried out a Limited Review of the Financial Statements for the quarter and half year ended 30th September, 2025. 4. These results have been prepared in accordance with the Companies Indian Accounting Standards Rules, 2015 Ind AS prescribed under Section 133 of the Companies Act, 2013 and other recognized practices and policies to the extent applicable. 5. The Board of Directors declared an interim dividend of Rs. 8.00 per equity share of face value of Rs.10.00 each for the financial year 2025 26. The record date for the purpose of determining the entitlement for payment of interim dividend is fixed as Friday, 14th November, 2025. 6. On July 7, 2025 Garware Technical Fibres UK Pvt. Ltd. GTF UK acquired 100 percent equity share capital of Offshore and Trawl System AS, Norway OTS and Advanced Mooring System AS, Norway AMS for a consideration of INR 10,969.54 Lacs. The fair value of assets and liabilities acquired have been determined in accordance with IND AS 103 Business Combinations. The excess of the consideration paid over the fair value of net assets acquired of OTS and AMS has resulted in a Goodwill amounting to INR 6,515.83 Lakhs. The above consolidated financial results for the quarter ended September 30, 2025 includes the results of business operation of OTS and AMS. Accordingly results of quarter, half year is not comparable with previous period. 7. On January 06, 2025, the Company had allotted 7,94,12,676 equity shares to the eligible holders of equity shares on the record date i.e. January 03, 2025 as Bonus Equity Shares by capitalizing General Reserve. In accordance with the IND AS 33 Earnings per Share, the figures of Earnings per Share for the quarter and half year ended September 30, 2024 have been restated for Standalone and Consolidated results to give effect to the allotment of the bonus shares. The restated EPS is as follows EPS before bonus issue, Basic and Diluted EPS Standalone Quarter Ended Not Annualized Sep 2024, 32.13 Consolidated Quarter Ended Not Annualized Sep 2024, 33.10 Standalone Half Year Ended Not Annualized Sep 2024, 60.41 Consolidated Half Year Ended Not Annualized Sep 2024, 56.27 8. The figures of previous periods have been regrouped rearranged, wherever necessary to conform to current period presentation.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 32,547.81
Capital work-in-progress 51.10
Investment property
Goodwill 6,515.83
Other intangible assets 422.33
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 26,124.55
Trade receivables, non-current 653.85
Loans, non-current 651.68
Other non-current financial assets 619.40
Total non-current financial assets 28,049.48
Deferred tax assets (net)
Other non-current assets 1,944.56
Total non-current assets 69,531.11
2 Current assets
Inventories 37,153.08
Current financial asset
Current investments 29,061.96
Trade receivables, current 30,512.41
Cash and cash equivalents 4,862.54
Bank balance other than cash and cash equivalents 5,569.61
Loans, current 12.87
Other current financial assets 1,652.61
Total current financial assets 71,672.00
Current tax assets (net)
Other current assets 9,373.05
Total current assets 1,18,198.13
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,87,729.24
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,926.58
Other equity 1,19,908.01
Total equity attributable to owners of parent 1,29,834.59
Non controlling interest
Total equity 1,29,834.59
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2,045.19
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 232.16
Total Trade payable 232.16
Other non-current financial liabilities 819.53
Total non-current financial liabilities 3,096.88
Provisions, non-current 1,332.31
Deferred tax liabilities (net) 4,282.36
Deferred government grants, Non-current
Other non-current liabilities 199.94
Total non-current liabilities 8,911.49
Current liabilities
Current financial liabilities
Borrowings, current 10,837.77
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 207.60
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 24,933.96
Total Trade payable 25,141.56
Other current financial liabilities 4,041.91
Total current financial liabilities 40,021.24
Other current liabilities 7,691.03
Provisions, current 957.22
Current tax liabilities (Net) 313.67
Deferred government grants, Current
Total current liabilities 48,983.16
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 57,894.65
Total equity and liabilites 1,87,729.24
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Synthetic cordage 28,074.53 55,062.09
2 Fibre and Industrial Products & Projects 7,397.01 17,833.89
Total Segment Revenue 35,471.54 72,895.98
Less: Inter segment revenue 681.83 1,383.53
Revenue from operations 34,789.71 71,512.45
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Synthetic cordage 3,506.94 9,059.18
2 Fibre and Industrial Products & Projects 1,953.59 3,557.05
Total Profit before tax 5,460.53 12,616.23
i. Finance cost 348.92 664.92
ii. Other Unallocable Expenditure net off Unallocable income 546.11 346.36
Profit before tax 4,565.50 11,604.95
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Synthetic cordage 53,207.42 53,207.42
2 Fibre and Industrial Products & Projects 7,024.06 7,024.06
Total Segment Asset 60,231.48 60,231.48
Un-allocable Assets 69,603.11 69,603.11
Net Segment Asset 1,29,834.59 1,29,834.59
4 Segment Liabilities
Segment Liabilities
1 Synthetic cordage 31,798.34 31,798.34
2 Fibre and Industrial Products & Projects 8,174.69 8,174.69
Total Segment Liabilities 39,973.03 39,973.03
Un-allocable Liabilities 17,921.62 17,921.62
Net Segment Liabilities 57,894.65 57,894.65
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Fair value of Investment (1,848.75) (1,457.90)
2 Remeasurement of defined benefit plans (28.05) (56.11)
Total Amount of items that will not be reclassified to profit and loss (1,876.80) (1,514.01)
2 Income tax relating to items that will not be reclassified to profit or loss 159.41 215.30
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 0.00 0.00
5 Total Other comprehensive income (2,036.21) (1,729.31)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 11,604.94
Adjustments for reconcile profit (loss)
Adjustments for finance costs 664.93
Adjustments for decrease (increase) in inventories (7,934.46)
Adjustments for decrease (increase) in trade receivables, current 3,858.31
Adjustments for decrease (increase) in trade receivables, non-current 78.29
Adjustments for decrease (increase) in other current assets (1,165.40)
Adjustments for decrease (increase) in other non-current assets 175.46
Adjustments for other financial assets, non-current (154.51)
Adjustments for other financial assets, current 23.23
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (2,227.62)
Adjustments for increase (decrease) in trade payables, non-current (14.30)
Adjustments for increase (decrease) in other current liabilities (829.44)
Adjustments for increase (decrease) in other non-current liabilities (44.55)
Adjustments for depreciation and amortisation expense 1,602.95
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 6.66
Adjustments for provisions, current 247.17
Adjustments for provisions, non-current 94.53
Adjustments for other financial liabilities, current 625.98
Adjustments for other financial liabilities, non-current 162.09
Adjustments for unrealised foreign exchange losses gains (574.21)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (1,379.70)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (455.27)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (7,239.86)
Net cash flows from (used in) operations 4,365.08
Dividends received 0.00
Interest paid 0.00
Interest received (336.11)
Income taxes paid (refund) 3,414.99
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 613.98
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities (12,085.44)
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 10,884.02
Proceeds from sales of property, plant and equipment (12.86)
Purchase of property, plant and equipment 2,483.70
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 2,171.07
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities 875.93
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,456.21
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 1,488.99
Interest paid 664.93
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 2,302.29
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 3,792.20
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 3,792.20
Cash and cash equivalents cash flow statement at beginning of period 1,070.34
Cash and cash equivalents cash flow statement at end of period 4,862.54