Garware Technical Fibres FY26: Profit ₹199cr, Sales ₹1,529cr

What changed for Garware Technical Fibres in FY26

Garware Technical Fibres Ltd., a manufacturer of technical textiles, reported its audited results for the quarter and year ended 31 March 2026. The data shows a modest decline in full-year revenue and a sharper drop in annual profit compared with FY25. For the March 2026 quarter (Q4 FY26), the company reported revenue of ₹426.41 crore and consolidated net profit of ₹57.26 crore. On the stock side, the current share price was cited at ₹730.85, with another quote showing ₹731.05.

The company also had dividend announcements during the year, including an interim dividend of ₹8 per share that was paid on 28 November 2025. Separately, the Board recommended a final dividend of ₹1 per share (10%) on 9,92,65,845 equity shares of face value ₹10. For investors tracking earnings momentum, the quarter-to-quarter picture includes changes in operating income, other income, and an exceptional item recorded in Q4.

Key Q4 FY26 numbers: revenue, profit, and costs

For Q4 FY26 (quarter ended March 2026), revenue was reported at ₹426.41 crore, down 1.42% year-on-year from ₹432.55 crore in the March 2025 quarter. Consolidated net profit for the March 2026 quarter was reported at ₹57.26 crore, down 19.44% year-on-year versus ₹71.08 crore in the March 2025 quarter. These figures were associated with the earnings announcement dated 20 May 2026.

A separate quarterly table (all figures in ₹ crore) shows net sales of ₹371.48 crore for March 2026, operating profit of ₹91.34 crore, and profit after tax (PAT) of ₹54.82 crore. That table also shows an exceptional item of -₹13.90 crore in March 2026. The presence of an exceptional line item matters because it can create a gap between operating performance and reported profitability.

In the Q1 FY26 comparison table (QoQ basis), the company reported total revenue of ₹367.23 crore in June 2025 quarter versus ₹426.41 crore in March 2026 quarter. Net income (PAT) was ₹53.09 crore in June 2025 versus ₹57.13 crore in March 2026 in that dataset, while operating income was ₹60.72 crore in June 2025 versus ₹87.15 crore in March 2026. The same table listed diluted normalized EPS at ₹5.35 for June 2025 and ₹7.17 for March 2026.

Full-year FY26 performance versus FY25

For the full year ended March 2026, sales were reported at ₹1,528.79 crore, down 0.74% from ₹1,540.11 crore in FY25. Net profit for the year was reported at ₹198.67 crore, down 14.20% from ₹231.54 crore in FY25. This combination suggests that while revenue was largely stable, profitability declined more meaningfully year-on-year.

Another multi-year snapshot included net profit figures of ₹211.27 crore (March 2026) versus ₹214.07 crore (March 2025), alongside cash from operating activities of ₹117.66 crore (March 2026) versus ₹180.72 crore (March 2025). These values appear in a separate summary table and can differ based on reporting scope, classification, or consolidation lines. Investors typically reconcile such differences using audited statements and segment notes.

Quarter-by-quarter trend: Mar 2025 to Mar 2026

The quarterly results table (₹ crore) highlights how operating profit moved across five quarters: ₹74.98 crore (Mar 2025), ₹69.29 crore (Jun 2025), ₹62.03 crore (Sep 2025), ₹68.14 crore (Dec 2025), and ₹91.34 crore (Mar 2026). Net sales in the same table were ₹374.93 crore (Mar 2025), ₹348.04 crore (Jun 2025), ₹359.65 crore (Sep 2025), ₹339.81 crore (Dec 2025), and ₹371.48 crore (Mar 2026). Profit after tax stayed within a relatively narrow band, from ₹47.33 crore to ₹55.16 crore over the period, ending at ₹54.82 crore in Mar 2026.

The table also shows other income varying from ₹7.25 crore to ₹16.89 crore across the five quarters. Interest costs remained low and stable, ranging from ₹2.24 crore to ₹3.13 crore. Depreciation rose to ₹8.10 crore in March 2026 from ₹7.28 crore in March 2025. The exceptional item of -₹13.90 crore in March 2026 stands out as the only non-zero entry in that line across the five quarters shown.

Dividend actions and corporate developments

Garware Technical Fibres declared an interim dividend of ₹8 per equity share (face value ₹10) for FY 2025-26, and this was paid on 28 November 2025. The company also declared a dividend of ₹8.00 on 14 November 2025 in the provided dataset, aligning with the interim payout timeline.

Additionally, the Board recommended a final dividend of ₹1 per share (10%) on 9,92,65,845 equity shares of ₹10, as referenced in the corporate actions text. On governance updates, the company appointed Kirti Dharmesh Mangwani as a Non-Executive Independent Director for five years.

Business context: product positioning and a Q1 management comment

The company is described as a leading manufacturer of technical textiles, known for innovative products and solutions. In the Q1 FY26 result note, Vayu Garware, CMD, linked Q1 topline growth to the geosynthetics business. Specifically, Q1 FY26 net sales were reported at ₹367.2 crore, up 9% versus ₹336.2 crore in Q1 FY25, with profit before tax up 13.4% to ₹70.4 crore and net profit up 13.5% to ₹53.1 crore.

The same Q1 summary reported EPS at ₹5.35 for Q1 FY26, up 13.6% over Q1 FY25. This provides a contrast to the later FY26 full-year picture, where the annual net profit declined despite periods of quarterly growth.

Market snapshot: share price and earnings calendar

The dataset cited the current share price of Garware Technical Fibres at ₹730.85. Another line cited the current price at ₹731.05. A separate quote listed ₹725.50 and a previous close of ₹722.65. These points reflect the market snapshot presented alongside the earnings information.

The last earnings date was listed as Q4 FY25-26 on 20 May 2026, and the upcoming earnings date was also shown as 20 May 2026 in the corporate action section. Another corporate item referenced the Board considering an equity share buyback proposal on 8 May 2026.

Key numbers table

Why these results matter for investors

The FY26 numbers show that even a small decline in revenue can coincide with a larger decline in profit, making cost structure, other income, and one-off items important to track. The Q4 quarterly table includes an exceptional item of -₹13.90 crore, which is a concrete factor investors may examine when comparing reported profits across periods.

At the same time, dividend actions were active through FY 2025-26, with an interim dividend of ₹8 per share and a recommended final dividend of ₹1 per share. Corporate actions like a potential buyback proposal (meeting scheduled for 8 May 2026, as referenced) can also influence market attention, though the dataset does not provide an outcome.

Conclusion

Garware Technical Fibres closed FY26 with sales of ₹1,528.79 crore and net profit of ₹198.67 crore, both lower than FY25, while Q4 FY26 revenue was ₹426.41 crore and consolidated net profit was ₹57.26 crore. Alongside the results, the company paid an interim dividend of ₹8 per share and recommended a final dividend of ₹1 per share. The next definitive updates for investors would typically come from subsequent quarterly announcements and any formal disclosures related to the buyback proposal referenced for 8 May 2026.