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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	15-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	15-May-2025   12:30:00
End date and time of board meeting	15-May-2025   16:15:00
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	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-10
Indicate Company website link for updated RPT policy of the Company	https://www.garwarefibres.com/investors/policies/related-party-transactions-policy#investorsmenu
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 March 31 2025

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
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	3749261000	14886801000
	Other income	85834000	367789000
	Total income	3835095000	15254590000
2	Expenses
(a)	Cost of materials consumed	797257000	3815771000
(b)	Purchases of stock-in-trade	137742000	550141000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	68275000	-114485000
(d)	Employee benefit expense	508690000	2084674000
(e)	Finance costs	28293000	188623000
(f)	Depreciation, depletion and amortisation expense	72767000	281837000
(f)	Other Expenses
1	Processing and Testing Charges	329891000	1369783000
2	Others	1157605000	4221973000
	Total other expenses	1487496000	5591756000
	Total expenses	3100520000	12398317000
3	Total profit before exceptional items and tax	734575000	2856273000
4	Exceptional items	0	0
5	Total profit before tax	734575000	2856273000
6	Tax expense
7	Current tax	188725000	688402000
8	Deferred tax	32748000	27122000
9	Total tax expenses	221473000	715524000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	513102000	2140749000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	513102000	2140749000
17	Other comprehensive income net of taxes	-122394000	284122000
18	Total Comprehensive Income for the period	390708000	2424871000
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	992658000	992658000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.17	21.56
	Diluted earnings (loss) per share from continuing operations	5.17	21.56
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	5.17	21.56
	Diluted earnings (loss) per share from continuing and discontinued operations	5.17	21.56
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes 1 The Audited Standalone Financial Results of Garware Technical Fibres Limited as well as Consolidated Financial Results of the Company and its Subsidiaries and its associate for the Year ended 31st March 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 Thursday 15th May, 2025 The Statutory Auditors of the Company has expressed an unmodified opinion on the Financial Statements2These results have been prepared in accordance with the Companies Indian Accounting Standards Rules, 2015 IndAS prescribed under Section 133 of the Companies Act, 2013 and other recognized practices and policies to the extent applicable.3.Statement of Assets and Liabilities4.Cash Flow Statement5 On 6 January 2025 the Company had issued 79412676 fully paid-up Bonus Equity Shares of Rs 10 each in the ratio of 41 to the eligible members of the Company by capitalizing Rs 794126760 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 992658000 from Rs 198532000 In accordance with the IND AS 33 Earnings per Share, the figures of Earnings per Share for the quarter and year ended March 31 2024 have been restated to give effect to the allotment of the bonus shares EPF without adjusting for Bonus Shares would have been as stated in pdf Results.6. During the quarter, the Company incorporated a wholly owned subsidiary in United Kingdom named as Garware Technical Fibres UK Pvt Ltd the WOS on 14 March 2025 Infusion of initial share capital in the WOS is in process and the WOS is yet to commence its operations. In view of this, the accounts for the Financial Year 202425 are not drawn for WOS 7 The Board of Directors has recommended a Dividend of Rs 1.50 per share 15percent of Rs 10 each for approval by the Members of the Company at ensuing Annual General Meeting. In terms of the Ind AS 10 Events after reporting date as notified by the Ministry of Corporate Affairs through amendments to Companies Accounting Standards Amendment Rules2016 dated 30th March 2016 the Company has not accounted for proposed dividend as liability as at 31st March 2025 8 The figures for the quarter ended 31st March, 2025 and 31st March 2024 are the balancing figures between audited figures of the year ended 31 March 2025 and 31 March 2024 and the published figures of the nine months ended 31st December 2024 and 31st December 2023 respectively which were subjected to limited review 9 The figures of previous periods have been regrouped rearranged wherever necessary to conform to current periods presentation n n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2729580000
	Capital work-in-progress	0
	Investment property
	Goodwill	0
	Other intangible assets	33397000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	6418933000
	Trade receivables, non-current	73214000
	Loans, non-current	69570000
	Other non-current financial assets	46489000
	Total non-current financial assets	6608206000
	Deferred tax assets (net)
	Other non-current assets	211600000
	Total non-current assets	9582783000
2	Current assets
	Inventories	2438800000
	Current financial asset
	Current investments	1094385000
	Trade receivables, current	3000905000
	Cash and cash equivalents	43935000
	Bank balance other than cash and cash equivalents	39432000
	Loans, current	4249000
	Other current financial assets	166090000
	Total current financial assets	4348996000
	Current tax assets (net)	8797000
	Other current assets	801025000
	Total current assets	7597618000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	17180401000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	992658000
	Other equity	11209480000
	Total equity attributable to owners of parent	12202138000
	Non controlling interest
	Total equity	12202138000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	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	24646000
	Total Trade payable	24646000
	Other non-current financial liabilities	89853000
	Total non-current financial liabilities	114499000
	Provisions, non-current	123779000
	Deferred tax liabilities (net)	399494000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	637772000
	Current liabilities
	Current financial liabilities
	Borrowings, current	614186000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	21252000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2563541000
	Total Trade payable	2584793000
	Other current financial liabilities	315213000
	Total current financial liabilities	3514192000
	Other current liabilities	755294000
	Provisions, current	71005000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	4340491000
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	4978263000
	Total equity and liabilites	17180401000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Synthetic Cordage	3127676000	12224775000
2	Fibre and Industrial Products & Projects	728495000	2998049000
	Total Segment Revenue	3856171000	15222824000
	Less: Inter segment revenue	106910000	106910000
	Revenue from operations	3749261000	14886801000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Synthetic Cordage	762575000	2617691000
2	Fibre and Industrial Products & Projects	117731000	491960000
	Total Profit before tax	880306000	3109651000
	i. Finance cost	28293000	28293000
	ii. Other Unallocable Expenditure net off Unallocable income	117438000	117438000
	Profit before tax	734575000	2856273000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Synthetic Cordage	7030491000	7030491000
2	Fibre and Industrial Products & Projects	1422916000	1422916000
	Total Segment Asset	8453407000	8453407000
	Un-allocable Assets	8726994000	8726994000
	Net Segment Asset	17180401000	17180401000
4	Segment Liabilities
	Segment Liabilities
1	Synthetic Cordage	3182073000	3182073000
2	Fibre and Industrial Products & Projects	762091000	762091000
	Total Segment Liabilities	3944164000	3944164000
	Un-allocable Liabilities	1034099000	1034099000
	Net Segment Liabilities	4978263000	4978263000
	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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	-157580000	321918000
2	Remeasurement of defined benefit plans	9818000	-11223000
	Total Amount of items that will not be reclassified to profit and loss	-147762000	310695000
2	Income tax relating to items that will not be reclassified to profit or loss	-25368000	26573000
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	-122394000	284122000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2856273000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			188623000
	Adjustments for decrease (increase) in inventories			-85491000
	Adjustments for decrease (increase) in trade receivables, current			-467977000
	Adjustments for decrease (increase) in trade receivables, non-current			-38575000
	Adjustments for decrease (increase) in other current assets			35122000
	Adjustments for decrease (increase) in other non-current assets			-46878000
	Adjustments for other financial assets, non-current			24605000
	Adjustments for other financial assets, current			-132612000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			366332000
	Adjustments for increase (decrease) in trade payables, non-current			2485000
	Adjustments for increase (decrease) in other current liabilities			-35306000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			281837000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			1784000
	Adjustments for provisions, current			-9477000
	Adjustments for provisions, non-current			-30695000
	Adjustments for other financial liabilities, current			-35306000
	Adjustments for other financial liabilities, non-current			-25456000
	Adjustments for unrealised foreign exchange losses gains			1277000
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-353385000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-359093000
	Net cash flows from (used in) operations			2497180000
	Dividends received			0
	Interest paid			0
	Interest received			-14404000
	Income taxes paid (refund)			675605000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1807171000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			444000
	Purchase of property, plant and equipment			432031000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			4475000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			367789000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			188756000
	Net cash flows from (used in) investing activities	120483000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			2478778000
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-571364000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			59560000
	Interest paid			188623000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3298325000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1370671000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-1370671000
	Cash and cash equivalents cash flow statement at beginning of period			1414606000
	Cash and cash equivalents cash flow statement at end of period			43935000