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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 05-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
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 05-08-2026   14:30:00
End date and time of board meeting 05-08-2026   15:45:00
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

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 48,237.27 48,237.27
Other income 892.52 892.52
Total income 49,129.79 49,129.79
2 Expenses
(a) Cost of materials consumed 13,190.23 13,190.23
(b) Purchases of stock-in-trade 2,070.36 2,070.36
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,402.72) (1,402.72)
(d) Employee benefit expense 6,436.77 6,436.77
(e) Finance costs 333.04 333.04
(f) Depreciation, depletion and amortisation expense 932.74 932.74
(f) Other Expenses
1 Processing and testing charges 3,511.35 3,511.35
2 Others 15,421.84 15,421.84
Total other expenses 18,933.19 18,933.19
Total expenses 40,493.61 40,493.61
3 Total profit before exceptional items and tax 8,636.18 8,636.18
4 Exceptional items 0.00 0.00
5 Total profit before tax 8,636.18 8,636.18
6 Tax expense
7 Current tax 2,404.50 2,404.50
8 Deferred tax (217.33) (217.33)
9 Total tax expenses 2,187.17 2,187.17
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 6,449.01 6,449.01
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 11.29 11.29
16 Total profit (loss) for period 6,460.30 6,460.30
17 Other comprehensive income net of taxes 4,228.52 4,228.52
18 Total Comprehensive Income for the period 10,688.82 10,688.82
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 6,460.30 6,460.30
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,688.82 10,688.82
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 9,764.83 9,764.83
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 6.56 6.56
Diluted earnings (loss) per share from continuing operations 6.56 6.56
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 6.56 6.56
Diluted earnings (loss) per share from continuing and discontinued operations 6.56 6.56
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

Textual Information(1) Notes 1The 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, 2026 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, 05th August, 2026. The Statutory Auditors of the Company have carried out a Limited Review of the Financial Statements for the quarter ended 30th June, 2026. 2These 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. 3The Board of Directors, at its meeting held on 08th May, 2026, approved a proposal of Buyback upto 16,17,500 fully paid up equity shares of face value INR 10 each the Equity Shares, representing 1.63 percent of the Equity Shares in the existing total equity paid up capital of the Company, from all Eligible Shareholders Equity Shareholders as on the Record Date, being 20th May, 2026 on a proportionate basis, through the Tender Offer process, at a price of INR 680 per equity share, payable in cash, pursuant to the provisions of the Securities and Exchange Board of India Buy-Back of Securities Regulations, 2018 and the Companies Act, 2013, as amended. Tender period for Buyback opened on 26th May, 2026 and closed on 2nd June, 2026. The Company bought back 16,17,500 Equity Shares from all eligible shareholders and made payment to all the shareholders whose bids were valid and accepted under the buyback on 9th June 2026, through the stock exchange settlement mechanism, resulting in cash outflow of INR 109,99,00,000 excluding the transaction costs. In accordance with relevant statutory provision, the Company has created capital redemption reserve of INR 161.75 lakhs equal to the nominal value of the equity shares bought back as an appropriation from free reserves. 4The 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. These Labour Codes, amongst other things, introduced changes including a uniform definition of wages and enhanced benefits relating to leave which had resulted in increase in gratuity and leave liability by Rs. 1,390 lakhs. The same has been presented under Exceptional Item for the quarter and year ended 31st March 2026. The detailed rules, procedures and state specific implementation mechanisms under these labour codes are yet to be notified. 5On 7th July 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 year ended 31st March, 2026 and for the quarter ended 30th June, 2026 includes the results of business operation of OTS and AMS and hence is not comparable with previous period. 6The figures for the quarter ended 31st March, 2026, are the balancing figures between audited figures of the year ended 31st March, 2026 and the published figures of the nine months ended 31st December, 2025 which were subjected to limited review. 7The 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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
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 38,068.42 38,068.42
2 Fibre and Industrial Products & Projects 10,900.29 10,900.29
Total Segment Revenue 48,968.71 48,968.71
Less: Inter segment revenue 731.44 731.44
Revenue from operations 48,237.27 48,237.27
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Synthetic Cordage 7,641.48 7,641.48
2 Fibre and Industrial Products & Projects 2,331.29 2,331.29
Total Profit before tax 9,972.77 9,972.77
i. Finance cost 333.04 333.04
ii. Other Unallocable Expenditure net off Unallocable income 1,003.55 1,003.55
Profit before tax 8,636.18 8,636.18
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Synthetic Cordage 1,05,969.12 1,05,969.12
2 Fibre and Industrial Products & Projects 18,391.66 18,391.66
Total Segment Asset 1,24,360.78 1,24,360.78
Un-allocable Assets 73,701.15 73,701.15
Net Segment Asset 1,98,061.93 1,98,061.93
4 Segment Liabilities
Segment Liabilities
1 Synthetic Cordage 34,459.16 34,459.16
2 Fibre and Industrial Products & Projects 9,372.49 9,372.49
Total Segment Liabilities 43,831.65 43,831.65
Un-allocable Liabilities 19,231.66 19,231.66
Net Segment Liabilities 63,063.31 63,063.31
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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
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 Remeasurement of Investment in Equity Instruments 4,831.76 4,831.76
2 Remeasurement of Defined Benefit Obligation (16.49) (16.49)
Total Amount of items that will not be reclassified to profit and loss 4,815.27
2 Income tax relating to items that will not be reclassified to profit or loss 690.94 690.94
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve 104.19 104.19
Total Amount of items that will be reclassified to profit and loss 104.19
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 4,228.52 4,228.52