Pune, August 08, 2025: 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 ended June 30, 2025.
Consolidated: Q1 FY26 Highlights:
- Net Sales increased by 9% to Rs. 367.2 Cr in Q1FY26 as compared to Rs. 336.2 Cr in Q1FY25
- Profit before tax increased by 13.4% to Rs. 70.4 Cr in Q1FY26 as compared to Rs. 62.1 Cr in the same period last year
- Net profit after tax has increased by 13.5% to Rs. 53.1 Cr in Q1FY26 as against Rs. 46.8 Cr in the corresponding period of FY25
- EPS for Q1 FY26 is at Rs. 5.35 this is a growth of 13.6% over Q1 FY25
In a statement, Mr. Vayu Garware, CMD, Garware Technical Fibres Ltd. said,
We have witnessed a top line growth of 9% during the first quarter driven primarily by the Geosynthetics business which continues to grow exponentially. International Fisheries segment has also performed very well with key breakthroughs in new markets and customers. Domestically, the industrial product sales have grown well. Profit before tax increased by 13.4% in Q1FY26 over Q1FY25.
There are some concerns on the horizon with the significant imposition of tariffs by the USA and ongoing geopolitical tension. Though GTFL exports to the USA are only approximately 10% of our topline and we do believe that these issues will be resolved in the medium term, we are working hard to find ways to ensure our customers and partners in the USA continue to be supported and we are able to manage these temporary disruptions.