Garware Technical Fibres' Q2 FY 2025-26 Quarterly Results

Result Summary

• Garware Technical Fibres Ltd reported a 6.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 17.0%.
• Its expenses for the quarter were up by 0.6% QoQ and down 9.1% YoY.
• The net profit decreased 39.9% QoQ and decreased 51.5% YoY.
• The earnings per share (EPS) of Garware Technical Fibres Ltd stood at 3.22 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Garware Technical Fibres Ltd is a company known primarily for its innovations in technical textiles. The company operates in the textile industry with a focus on manufacturing and supplying products like ropes, nets, and other fiber-based solutions catering to diverse sectors such as fisheries, agriculture, geosynthetics, and industrial applications. Garware Technical Fibres has established a reputation for high-quality products and has a significant presence in both domestic and international markets. As of the latest updates available, there has been no specific major development or change in the company’s operational strategy or market positioning that can be discussed in this report.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Garware Technical Fibres Ltd reported total income of ₹357.24 crores. This marks a decrease from the previous quarter (Q1FY26), where total income was ₹380.07 crores, reflecting a quarter-over-quarter (QoQ) decrease of 6.0%. Compared to the same quarter in the previous fiscal year (Q2FY25), the company’s revenue saw a year-over-year (YoY) decline of 17.0%, from ₹430.27 crores. These figures indicate a downward trend in revenue generation over both the quarterly and annual comparisons.

Profitability

The profitability of Garware Technical Fibres Ltd has experienced a noticeable decline across both QoQ and YoY metrics. The profit before tax in Q2FY26 was ₹45.65 crores, down from ₹70.39 crores in Q1FY26, marking a 35.1% decrease. Compared to Q2FY25, where profit before tax was ₹87.67 crores, there was a 47.9% decrease YoY. Consequently, the profit after tax also dropped significantly to ₹31.94 crores in Q2FY26 from ₹53.14 crores in the previous quarter, resulting in a 39.9% decrease. Year-over-year, the profit after tax fell by 51.5%, from ₹65.89 crores in Q2FY25. Earnings per share followed a similar downward pattern, reducing from ₹5.35 in Q1FY26 to ₹3.22 in Q2FY26, a 39.8% decrease, and a substantial 90.3% decrease YoY from ₹33.11 in Q2FY25.

Operating Metrics

Total expenses for the company in Q2FY26 amounted to ₹311.58 crores, which is a slight increase from ₹309.67 crores in Q1FY26, resulting in a 0.6% increase QoQ. Compared to Q2FY25, when total expenses were ₹342.59 crores, there is a 9.1% decrease YoY. The tax expense for Q2FY26 was ₹13.67 crores, down from ₹17.30 crores in Q1FY26, a reduction of 21.0%. Compared to the same quarter in the previous year, when the tax expense was ₹21.71 crores, this reflects a 37.0% decrease YoY. These metrics highlight the cost management aspect of the company’s operations in the recent quarter.