Garware Synthetics Limited held a Board of Directors meeting on 14th November, 2026 from 02:30 PM to 03:00 PM. The Board considered and approved the un-audited financial results along with limited review report, statement of assets and liabilities, and cash flow statement for the quarter and half year ended 30th September, 2026.

Financial Performance Highlights

Quarter Ended 30th September, 2026 (Unaudited):

  • Revenue from operations: ₹236.88 lakh
  • Other income: ₹1.02 lakh
  • Total revenue: ₹237.90 lakh
  • Total expenses: ₹265.33 lakh
  • Profit before tax: (₹27.43) lakh (loss)
  • Tax expenses: ₹0.00
  • Net loss for the quarter: (₹27.43) lakh
  • Basic and diluted EPS: (₹0.47)

Half Year Ended 30th September, 2026 (Unaudited):

  • Revenue from operations: ₹405.04 lakh
  • Other income: ₹1.31 lakh
  • Total revenue: ₹406.35 lakh
  • Total expenses: ₹440.33 lakh
  • Profit before tax: (₹33.98) lakh (loss)
  • Tax expenses: ₹0.00
  • Net loss for the half year: (₹33.98) lakh
  • Basic and diluted EPS: (₹0.58)

Comparative Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue declined from ₹283.85 lakh to ₹236.88 lakh
  • Profit turned from profit of ₹12.04 lakh to loss of ₹27.43 lakh
  • EPS declined from ₹0.21 to (₹0.47)

Half Year Comparison (H1 FY27 vs H1 FY26):

  • Revenue declined from ₹544.15 lakh to ₹405.04 lakh
  • Profit turned from profit of ₹24.01 lakh to loss of ₹33.98 lakh
  • EPS declined from ₹0.41 to (₹0.58)

Balance Sheet Position as at 30th September, 2026

Assets:

  • Non-current assets: ₹1,372.46 lakh (Property, plant and equipment: ₹1,310.36 lakh; Deferred tax assets: ₹18.41 lakh; Other non-current assets: ₹43.69 lakh)
  • Current assets: ₹218.77 lakh (Inventories: ₹117.91 lakh; Trade receivables: ₹95.28 lakh; Cash & cash equivalents: ₹5.10 lakh; Other current assets: ₹0.48 lakh)
  • Total assets: ₹1,591.23 lakh

Equity and Liabilities:

  • Equity share capital: ₹580.89 lakh
  • Other equity: (₹768.15) lakh
  • Non-current liabilities: ₹246.95 lakh (Borrowings: ₹17.66 lakh; Other financial liabilities: ₹228.79 lakh; Other non-current liabilities: ₹0.50 lakh)
  • Current liabilities: ₹1,531.54 lakh (Borrowings: ₹538.66 lakh; Trade payables: ₹299.47 lakh; Other financial liabilities: ₹43.92 lakh; Other current liabilities: ₹564.43 lakh; Provisions: ₹85.06 lakh)
  • Total equity and liabilities: ₹1,591.23 lakh

Cash Flow Statement

For Half Year Ended 30th September, 2026:

  • Cash flow from operating activities: Not clearly quantifiable from provided data
  • Cash flow from investing activities: (₹2.37) lakh (fixed assets purchased)
  • Cash flow from financing activities: ₹11.42 lakh (from current borrowings: ₹11.37 lakh)
  • Net increase in cash and cash equivalents: ₹1.85 lakh
  • Cash and cash equivalents at beginning: ₹3.26 lakh
  • Cash and cash equivalents at end: ₹5.10 lakh

Additional Information

  • The financial results have been reviewed by the Audit Committee and approved by the Board of Directors
  • The results have been subjected to limited review by the statutory auditors, Jayesh Dadia & Associates LLP
  • The financial results are prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company operates within a single primary business segment: Nylon Bristles, Rods & Tubes
  • Paid-up equity share capital remains unchanged at ₹580.89 lakh (face value of ₹10 each)
  • The figures for previous periods have been regrouped/reclassified wherever necessary