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 29-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-10-2026
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 29-10-2026   14:00:00
End date and time of board meeting 29-10-2026   15:45:00
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 46,262.13 94,499.40
Other income 896.05 1,788.57
Total income 47,158.18 96,287.97
2 Expenses
(a) Cost of materials consumed 14,029.90 27,220.13
(b) Purchases of stock-in-trade 693.30 2,763.66
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 918.48 (484.24)
(d) Employee benefit expense 6,719.71 13,156.48
(e) Finance costs 298.24 631.28
(f) Depreciation, depletion and amortisation expense 983.22 1,915.96
(f) Other Expenses
1 Processing and Testing Charges 3,748.04 7,259.39
2 Others 12,152.63 27,574.47
Total other expenses 15,900.67 34,833.86
Total expenses 39,543.52 80,037.13
3 Total profit before exceptional items and tax 7,614.66 16,250.84
4 Exceptional items 0.00 0.00
5 Total profit before tax 7,614.66 16,250.84
6 Tax expense
7 Current tax 2,148.22 4,552.72
8 Deferred tax (388.57) (605.90)
9 Total tax expenses 1,759.65 3,946.82
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 5,855.01 12,304.02
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 1.42 12.71
16 Total profit (loss) for period 5,856.43 12,316.73
17 Other comprehensive income net of taxes 779.74 5,008.26
18 Total Comprehensive Income for the period 6,636.17 17,324.99
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 5,877.933 12,338.23
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 779.74 5,008.26
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 12.56
Diluted earnings (loss) per share from continuing operations 6 12.56
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 12.56
Diluted earnings (loss) per share from continuing and discontinued operations 6 12.56
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 1. Statement of Assets and Liabilities. 2. Cash Flow Statement 3. The 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 on 30th September, 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 Thursday, 29th October, 2026. 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, 2026. 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 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 year ended 31st March, 2026. The detailed rules, procedures and state specific implementation mechanisms under these labour codes are yet to be notified. 6. On 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 half year ended 30th September, 2026 includes the results of business operation of OTS and AMS and hence is not comparable with corresponding previous period. 7. The figures of previous periods have been regrouped or rearranged, wherever necessary to conform to current period's 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 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 35,470.51
Capital work-in-progress 100.73
Investment property
Goodwill 7,231.49
Other intangible assets 354.37
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 489.02
Non-current financial assets
Non-current investments 28,291.55
Trade receivables, non-current 3,068.29
Loans, non-current 429.09
Other non-current financial assets
1 Other non-current financial assets 566.06
Total of other non-current financial assets 566.06
Total non-current financial assets 32,354.99
Deferred tax assets (net)
Other non-current assets
1 Other Non-Current Assets 2,263.57
Total of other non-current assets 2,263.57
Total non-current assets 78,264.68
2 Current assets
Inventories 42,491.39
Current financial asset
Current investments 20,647.14
Trade receivables, current 30,996.06
Cash and cash equivalents 9,564.64
Bank balance other than cash and cash equivalents 4,920.26
Loans, current 135.92
Other current financial assets
Total of other current financial assets 458.14
Total current financial assets 66,722.16
Current tax assets (net) 531.97
Other current assets
1 Other Current Assets 9,054.11
Total of other current assets 9,054.11
Total current assets 1,18,799.63
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,97,064.31
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,764.83
Other equity 1,30,880.56
Total equity attributable to owners of parent 1,40,645.39
Non controlling interest 0.00
Total equity 1,40,645.39
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,884.94
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 333.09
Total Trade payable 333.09
Other non-current financial liabilities
1 Other Financial Liabilities 1,349.91
2 Lease Liability 103.26
Total of other non-current financial liabilities 1,453.17
Total non-current financial liabilities 3,671.20
Provisions, non-current 1,145.71
Deferred tax liabilities (net) 4,682.13
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 9,499.04
Current liabilities
Current financial liabilities
Borrowings, current 3,490.02
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 468.24
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 27,129.06
Total Trade payable 27,597.30
Other current financial liabilities
1 Lease Liability 113.70
2 Other financial liabilities 3,933.57
Total of other current financial liabilities 4,047.27
Total current financial liabilities 35,134.59
Other current liabilities 9,157.12
1 Other Current Liabilities 9,157.12
Total of other current liabilities 9,157.12
Provisions, current 1,589.31
Current tax liabilities (Net) 1,038.86
Deferred government grants, Current 0.00
Total current liabilities 46,919.88
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 56,418.92
Total equity and liabilites 1,97,064.31
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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 40,560.40 78,628.82
2 Fibre and Industrial Products & Projects 7,748.72 18,649.01
Total Segment Revenue 48,309.12 97,277.83
Less: Inter segment revenue 2,046.99 2,778.43
Revenue from operations 46,262.13 94,499.40
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Synthetic cordage 7,100.61 14,742.09
2 Fibre and Industrial Products & Projects 1,796.74 4,128.03
Total Profit before tax 8,897.35 18,870.12
i. Finance cost 298.24 631.28
ii. Other Unallocable Expenditure net off Unallocable income 984.45 1,988.00
Profit before tax 7,614.66 16,250.84
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Synthetic cordage 1,03,980.70 1,03,980.70
2 Fibre and Industrial Products & Projects 16,479.52 16,479.52
Total Segment Asset 1,20,460.22 1,20,460.22
Un-allocable Assets 76,604.09 76,604.09
Net Segment Asset 1,97,064.31 1,97,064.31
4 Segment Liabilities
Segment Liabilities
1 Synthetic cordage 34,903.44 34,903.44
2 Fibre and Industrial Products & Projects 8,134.27 8,134.27
Total Segment Liabilities 43,037.71 43,037.71
Un-allocable Liabilities 13,381.21 13,381.21
Net Segment Liabilities 56,418.92 56,418.92
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 Fair value of Investments in equity instruments 466.63 5,298.39
2 Remeasurement of defined benefit plans (16.48) (32.97)
Total Amount of items that will not be reclassified to profit and loss 450.15 5,265.42
2 Income tax relating to items that will not be reclassified to profit or loss 66.73 757.67
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve 396.32 500.51
Total Amount of items that will be reclassified to profit and loss 396.32 500.51
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 779.74 5,008.26



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
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 16,250.84
Adjustments for reconcile profit (loss)
Adjustments for finance costs 631.28
Adjustments for decrease (increase) in inventories (2,418.93)
Adjustments for decrease (increase) in trade receivables, current (5,177.37)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,491.96
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,915.96
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 3.16
Adjustments for dividend income 17.56
Adjustments for interest income 1,673.31
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (97.70)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 18.47
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 93.23
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (5,230.81)
Net cash flows from (used in) operations 11,020.03
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 3,641.33
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 7,378.70
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 32,223.84
Other cash payments to acquire equity or debt instruments of other entities 25,518.11
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 0.00
Proceeds from sales of property, plant and equipment 9.53
Purchase of property, plant and equipment 3,094.42
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 17.56
Interest received 226.97
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (382.51)
Net cash flows from (used in) investing activities 3,482.86
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 11,145.52
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 1,367.49
Repayments of borrowings 50.98
Payments of lease liabilities 60.86
Dividends paid 887.48
Interest paid 623.34
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (11,400.69)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (539.13)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 238.01
Net increase (decrease) in cash and cash equivalents (301.12)
Cash and cash equivalents cash flow statement at beginning of period 9,865.76
Cash and cash equivalents cash flow statement at end of period 9,564.64