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 11-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 11-02-2026   13:30:00
End date and time of board meeting 11-02-2026   16:00:00
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 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 31st December, 2026



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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 33,980.95 1,04,750.56
Other income 1,688.73 3,799.08
Total income 35,669.68 1,08,549.64
2 Expenses
(a) Cost of materials consumed 7,703.94 25,001.35
(b) Purchases of stock-in-trade 1,980.02 7,901.69
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (246.10) (1,931.00)
(d) Employee benefit expense 4,942.78 16,028.63
(e) Finance costs 312.95 855.03
(f) Depreciation, depletion and amortisation expense 833.62 2,334.24
(f) Other Expenses
1 Processing and Testing Charges 3,328.81 10,337.26
2 Others 9,457.34 27,466.03
Total other expenses 12,786.15 37,803.29
Total expenses 28,313.36 87,993.23
3 Total profit before exceptional items and tax 7,356.32 20,556.41
4 Exceptional items 0.00 0.00
5 Total profit before tax 7,356.32 20,556.41
6 Tax expense
7 Current tax 1,719.18 4,984.81
8 Deferred tax 241.05 (73.20)
9 Total tax expenses 1,960.23 4,911.61
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 5,396.09 15,644.80
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 0.00 0.00
16 Total profit (loss) for period 5,396.09 15,644.80
17 Other comprehensive income net of taxes 266.28 (1,463.03)
18 Total Comprehensive Income for the period 5,662.37 14,181.77
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 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 5.44 15.76
Diluted earnings (loss) per share from continuing operations 5.44 15.76
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 5.44 15.76
Diluted earnings (loss) per share from continuing and discontinued operations 5.44 15.76
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. 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 nine months ended 31st December, 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 Wednesday, 11th February, 2026. The Statutory Auditors of the Company have carried out a Limited Review of the Financial Statements for the quarter and nine months ended 31st December, 2025. 2. 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. 3. The Board of Directors at its meeting held on 7th November, 2025 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 and the same was paid on 28th November, 2025. 4. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Codes namely The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and The Occupational Safety, Health and Working Conditions Code, 2020, effective from 21st November, 2025. The detailed rules, procedures and state specific implementation mechanisms are yet to be notified. The Company is in the process of evaluation and quantification of financial impact and hence provision has not been made in the Financial Statements as at the reporting date. The Company will account for the incremental liability, if any, in its Financial Statements by 31st March, 2026. 5. 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. The above consolidated financial results for the quarter and period ended December 31, 2025 includes the results of business operation of OTS and AMS and hence is not comparable with previous period . 6. 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 Nine months ended December 31, 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 Dec 2024, 21.30 Consolidated Quarter Ended Not Annualized Dec 2024, 24.00 Standalone Nine Months Ended Not Annualized Dec 2024, 81.79 Consolidated Nine Months Ended Not Annualized Dec 2024, 80.64 7. 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


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Synthetic cordage 26,754.14 81,073.39
2 Fibre and Industrial Products & Projects 7,958.57 25,792.46
Total Segment Revenue 34,712.71 1,06,865.85
Less: Inter segment revenue 731.76 2,115.29
Revenue from operations 33,980.95 1,04,750.56
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Synthetic cordage 5,640.83 15,169.70
2 Fibre and Industrial Products & Projects 1,576.71 5,133.76
Total Profit before tax 7,217.54 20,303.46
i. Finance cost 312.95 855.03
ii. Other Unallocable Expenditure net off Unallocable income (451.73) (1,107.98)
Profit before tax 7,356.32 20,556.41
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Synthetic cordage 80,675.78 80,675.78
2 Fibre and Industrial Products & Projects 18,803.68 18,803.68
Total Segment Asset 99,479.46 99,479.46
Un-allocable Assets 79,586.53 79,586.53
Net Segment Asset 1,79,065.99 1,79,065.99
4 Segment Liabilities
Segment Liabilities
1 Synthetic cordage 27,914.75 27,914.75
2 Fibre and Industrial Products & Projects 9,961.76 9,961.76
Total Segment Liabilities 37,876.51 37,876.51
Un-allocable Liabilities 14,359.62 14,359.62
Net Segment Liabilities 52,236.13 52,236.13
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Fair value of Investment 251.55 (1,206.35)
2 Remeasurement of defined benefit plans (28.06) (84.17)
Total Amount of items that will not be reclassified to profit and loss 223.49 (1,290.52)
2 Income tax relating to items that will not be reclassified to profit or loss (42.79) 172.51
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 266.28 (1,463.03)