Date: October 29, 2026

Consolidated Financial Results: Q2 FY27

Performance vs Q2 FY26:

  • Net Sales: ₹462.6 Cr, increased by 33.0% from ₹347.9 Cr
  • Profit Before Tax: ₹76.1 Cr, increased by 66.8% from ₹45.7 Cr
  • Profit After Tax: ₹58.6 Cr, increased by 83.1% from ₹32.0 Cr
  • EPS: ₹6.00, increased by 86.5% from ₹3.22

Consolidated Financial Results: 6M FY27 (Half Year)

Performance vs 6M FY26:

  • Net Sales: ₹945.0 Cr, increased by 32.1% from ₹715.1 Cr
  • Profit Before Tax: ₹162.5 Cr, increased by 40.0% from ₹116.0 Cr
  • Profit After Tax: ₹123.0 Cr, increased by 44.6% from ₹85.1 Cr
  • EPS: ₹12.56, increased by 46.5% from ₹8.57

Management Commentary

Mr. Vayu Garware, CMD, Garware Technical Fibres Ltd. stated:

Performance Drivers:

  • Strong operational performance with profit growing by 83% compared to Q2FY26
  • Growth driven by robust performance of Salmon Aquaculture and USA Sports businesses
  • Sustained healthy growth in domestic market
  • Geosynthetics business continued profitable growth trajectory with positive outlook
  • Value-Added Rope business delivered results in international and domestic markets

Challenges and Mitigation:

  • Inflationary pressures from higher raw material prices and elevated freight costs on international routes
  • Company managed challenges through price increases, prudent procurement strategies, operational efficiencies
  • Maintained strong customer relationships and service levels

Financial Strength:

  • Significant improvement in Free Cash Flow and Return on Capital Employed (ROCE) during H1FY27 vs H1FY26
  • Strong balance sheet supported by improved working capital management
  • Disciplined capital allocation and enhanced cash flow conversion
  • Company well-positioned to pursue sustainable growth opportunities

Strategic Focus:

  • Continued focus on innovation and new product development to address evolving customer needs
  • Confidence in delivering profitable growth in coming periods
  • Close monitoring of impact of West Asia war and other disruptions on oil, raw materials, and global logistics

Company Background

Garware Technical Fibres Ltd. is an ISO 14001:2015 and ISO 9001:2015 certified company and a leading player in Technical Textiles specializing in customized solutions worldwide. The company is known for applied innovation in sports, fisheries, aquaculture, shipping, agriculture, coated fabrics, and geo-synthetics. Products are manufactured at facilities in Wai and Pune and marketed in more than 75 countries.