Garware Synthetics Revises Financial Results for FY2026 Following Typographical Error Correction
Garware Synthetics Ltd has released revised standalone financial results for the financial year and fourth quarter ended March 31, 2026, due to the discovery of typographical errors in the initially filed cash flow statement. The company identified a clerical mistake in the Consolidated Cash Flow Statement under the heading 'Cash Flow from Financing Activities (C)'.The specific correction noted is in the figure for 'Proceeds/ (repayment) from non-current borrowings', which was inadvertently reported as (5.93) when the correct amount should have been 9.51. Garware Synthetics confirmed that aside from this mentionable error, there are no other changes to the figures reported in the Audited Standalone Financial Results for the fourth quarter and the full financial year ended March 31, 2026. The company stated that the original filing did not contain any misleading information and that the Integrated Filing was done with the correct number.
Standalone Financial Results Comparison
The company provided a comprehensive comparison of its standalone audited financial results for the quarter and year ended March 31, 2026. Total Revenue for the year ended March 31, 2026, stood at 1,033.92, compared to 1,101.78 for the previous year ended March 31, 2025.The reported financial metrics for the two fiscal years are detailed below:
| PARTICULARS | For Year Ended 31/03/2026 (Audited) | For Year Ended 31/03/2025 (Audited) |
|---|---|---|
| Revenue from operations | 240.87 | 274.55 |
| Other Income | 0.52 | 27.12 |
| Total Revenue | 241.39 | 301.67 |
| Cost of material consumed | 114.84 | 153.79 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 3.79 | -1.98 |
| Depreciation and Amortization expenses | 69.46 | 69.72 |
| Total Expenses | 251.00 | 292.03 |
| Profit before exceptional and extraordinary items and tax | -9.61 | 9.64 |
| Profit (Loss) for the period from continuing operations | -9.41 | 0.79 |
| Profit (Loss) for the period (Comprehensive Income) | 36.22 | 1.30 |
Cash Flow Summary
The statement of standalone cash flow reveals the following movements in cash and cash equivalents:| Cash Flow Item | March, 2026 (Audited) | March, 2025 (Audited) |
|---|---|---|
| Cash generated from operations | (10.61) | 812 |
| Net cash flow from / (used in) operating activities (A) | (11.95) | 4.16 |
| Net cash flow from / (used in) investing activities (B) | (22.59) | (3.33) |
| Net cash flow from / (used in) financing activities (C) | 2747 | (12.93) |
| Net increase / (decrease) in Cash and cash equivalents (A+B+C) | (7.06) | (12.10) |
| Cash and cash equivalents at the end of the year | 3.26 | 10.32 |
Balance Sheet Highlights
As of March 31, 2026, the company reported total assets of 1,389.47, a slight decrease from 1,427.33 reported the previous year.| Particulars | As at 31st March, 2026 (Audited) | As at 31st March, 2025 (Audited) |
|---|---|---|
| Property, Plant and Equipment | 1,119.64 | 1,143.18 |
| Other non-current assets | 421.80 | 265.50 |
| Inventories | 81.86 | 86.63 |
| Total Assets | 1,389.47 | 1,427.33 |
| Equity Share Capital | 580.89 | 580.89 |
| Provisions | 7720 | 8745 |
| Total Equity and Liabilities | 1,389.47 | 1,427.33 |
Stock Price Movement
Garware Synthetics Ltd settled at ₹19.54 in post-market trading today, reflecting a decline of 4.68% for shares. Throughout the day, the stock traded within a notable range, spanning from a low of ₹19.48 to a high of ₹20.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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