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	Consolidated
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

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	Consolidated	Consolidated
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	4325512000	15401129000
	Other income	89573000	380665000
	Total income	4415085000	15781794000
2	Expenses
(a)	Cost of materials consumed	854704000	3944970000
(b)	Purchases of stock-in-trade	137742000	550152000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	289665000	-157227000
(d)	Employee benefit expense	524819000	2144475000
(e)	Finance costs	31149000	200322000
(f)	Depreciation, depletion and amortisation expense	73212000	283431000
(f)	Other Expenses
1	Processing and Testing Charges	330245000	1371526000
2	Others	1205701000	4359574000
	Total other expenses	1535946000	5731100000
	Total expenses	3447237000	12697223000
3	Total profit before exceptional items and tax	967848000	3084571000
4	Exceptional items	0	0
5	Total profit before tax	967848000	3084571000
6	Tax expense
7	Current tax	224527000	741974000
8	Deferred tax	32748000	27122000
9	Total tax expenses	257275000	769096000
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	710573000	2315475000
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	243000	-66000
16	Total profit (loss) for period	710816000	2315409000
17	Other comprehensive income net of taxes	-122394000	284122000
18	Total Comprehensive Income for the period	588422000	2599531000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	710573000	2315475000
	Total profit or loss, attributable to non-controlling interests	243000	243000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	588179000	2599597000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	243000	-66000
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	7.16	23.32
	Diluted earnings (loss) per share from continuing operations	7.16	23.32
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	7.16	23.32
	Diluted earnings (loss) per share from continuing and discontinued operations	7.16	23.32
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

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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2736183000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	33436000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	5935947000
	Trade receivables, non-current	73213000
	Loans, non-current	65570000
	Other non-current financial assets	46489000
	Total non-current financial assets	6121219000
	Deferred tax assets (net)
	Other non-current assets	211600000
	Total non-current assets	9102438000
2	Current assets
	Inventories	2696208000
	Current financial asset
	Current investments	1094385000
	Trade receivables, current	3168558000
	Cash and cash equivalents	107036000
	Bank balance other than cash and cash equivalents	399107000
	Loans, current	4250000
	Other current financial assets	167583000
	Total current financial assets	4940919000
	Current tax assets (net)	8797000
	Other current assets	817803000
	Total current assets	8463727000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	17566165000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	992658000
	Other equity	11423018000
	Total equity attributable to owners of parent	12415676000
	Non controlling interest	0
	Total equity	12415676000
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	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	24646000
	Total Trade payable	24646000
	Other non-current financial liabilities	90194000
	Total non-current financial liabilities	114840000
	Provisions, non-current	123779000
	Deferred tax liabilities (net)	399494000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	638113000
	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	2609158000
	Total Trade payable	2630410000
	Other current financial liabilities	341686000
	Total current financial liabilities	3586282000
	Other current liabilities	846342000
	Provisions, current	71005000
	Current tax liabilities (Net)	8747000
	Deferred government grants, Current	0
	Total current liabilities	4512376000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	5150489000
	Total equity and liabilites	17566165000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Synythetic Cordage	3703928000	12739103000
2	Fibre and Industrial Products & Projects	728495000	2998049000
	Total Segment Revenue	4432423000	15737152000
	Less: Inter segment revenue	106911000	106911000
	Revenue from operations	4325512000	15401129000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Synythetic Cordage	905930000	2830117000
2	Fibre and Industrial Products & Projects	117730000	491960000
	Total Profit before tax	1023660000	3322077000
	i. Finance cost	31149000	31149000
	ii. Other Unallocable Expenditure net off Unallocable income	24663000	24663000
	Profit before tax	967848000	3084571000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Synythetic Cordage	7468330000	7468330000
2	Fibre and Industrial Products & Projects	1422917000	1422917000
	Total Segment Asset	8891247000	8891247000
	Un-allocable Assets	8643409000	8643409000
	Net Segment Asset	17534656000	17534656000
4	Segment Liabilities
	Segment Liabilities
1	Synythetic Cordage	3291456000	3291456000
2	Fibre and Industrial Products & Projects	762091000	762091000
	Total Segment Liabilities	4053547000	4053547000
	Un-allocable Liabilities	1065433000	1065433000
	Net Segment Liabilities	5118980000	5118980000
	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	Consolidated	Consolidated
	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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3084571000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			200322000
	Adjustments for decrease (increase) in inventories			-128817000
	Adjustments for decrease (increase) in trade receivables, current			-532088000
	Adjustments for decrease (increase) in trade receivables, non-current			-38574000
	Adjustments for decrease (increase) in other current assets			36284000
	Adjustments for decrease (increase) in other non-current assets			-46878000
	Adjustments for other financial assets, non-current			24604000
	Adjustments for other financial assets, current			-132273000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			461045000
	Adjustments for increase (decrease) in trade payables, non-current			2485000
	Adjustments for increase (decrease) in other current liabilities			-45998000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			283431000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			1738000
	Adjustments for provisions, current			-9387000
	Adjustments for provisions, non-current			-30693000
	Adjustments for other financial liabilities, current			-45998000
	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)			-353384000
	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)			-378360000
	Net cash flows from (used in) operations			2706211000
	Dividends received			0
	Interest paid			0
	Interest received			-26043000
	Income taxes paid (refund)			729178000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1950990000
	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			508000
	Purchase of property, plant and equipment			432920000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			4649000
	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			379427000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			29796000
	Net cash flows from (used in) investing activities	-27838000
	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			-569866000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			59560000
	Interest paid			200322000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3308526000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1385374000
	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			-1385374000
	Cash and cash equivalents cash flow statement at beginning of period			1492410000
	Cash and cash equivalents cash flow statement at end of period			107036000