Garware Technical Fibres declares consolidated net profit after tax of Rs. 31.99 crs in Q2FY26 and Interim dividend of Rs 8/- per equity share

Garware Technical Fibres Ltd., a leading manufacturer of technical textiles for the Indian and global markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2025.

Consolidated: Q2 FY26 Highlights:

- Net Sales declined by 17.3% to Rs. 347.9 Cr in Q2FY26 as compared to Rs. 420.6 Cr in Q2FY25

- Profit before tax declined to Rs.45.7 Cr in Q2FY26 as compared to Rs. 87.7 Cr in the same period last year

- Net profit after tax has declined to Rs. 31.99 Cr in Q2FY26 as against Rs. 66 Cr in the corresponding period of FY25

- EPS for Q2 FY26 is at Rs. 3.22

Consolidated: Hi FY26 Highlights:

- Net Sales declined by 5.5% to Rs. 715.1 Cr in H1FY26 as compared to Rs. 756.8 Cr in H1FY25

- Profit before tax declined to Rs. 116.0 Cr in H1FY26 as compared to Rs. 149.7 Cr in the same period last year

- Net profit after tax has declined to Rs. 85.1 Cr in H1FY26 as against Rs. 112.7 Cr in the corresponding period of FY25

- EPS for H1FY26 is at Rs. 8.57

In a statement, Mr. Vayu Garware, CMD, Garware Technical Fibres Ltd. said, "Our financial performance has been significantly impacted this quarter. This is primarily due to a significant delay of capex decisions in the North European Salmon Aquaculture Industry, which led to sluggish order flows in Hi. However, order flow has been normalizing in Q3 and we expect to catch up a significant part of this back log by the year end. Chile has continued to remain very strong and due to that, goods in transit to Americas has increased two times compared to H1FY25. These will be billed in Q3 and Q4 locally but have temporarily resulted in an increase in inventory and corresponding reduction in sales and cash flows. Some new product launches in Norway are showing excellent initial response from the market, and we expect to roll these out in other markets soon.

USA tariffs have also impacted margins in our Sports Net business to some extent though we have been able to retain all our customers and they continue to place fresh orders.

Geosynthetics business continues its excellent growth momentum on profitability as well as ROCE.

The acquisition of OTS Norway has been completed and is now consolidated in our results in this quarter.

With significantly better visibility in the Salmon Aquaculture business, we are confident that we should be able to deliver stronger results by the year end.

Shares of Garware Technical Fibres Limited was last trading in BSE at Rs. 737.75 as compared to the previous close of Rs. 741.05. The total number of shares traded during the day was 1929 in over 322 trades.

The stock hit an intraday high of Rs. 751.25 and intraday low of 731.80. The net turnover during the day was Rs. 1425433.00.

Source : Equity Bulls

Keywords

GarwareTechnicalFibres INE276A01018 Q2FY26 H1FY26 ResultUpdate