Garware Technical Fibres Announces Annual Financial Results and Dividend Recommendation
Garware Technical Fibres Limited (GTFL) announced the Board-approved Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, following a Board meeting held on May 20, 2026. The company also made recommendations regarding dividends and key appointments at the meeting.The Board of Directors formally approved the financial results for the quarter and year ended March 31, 2026. The audit report on these statements was prepared by Mehta Chokshi & Shah LLP, and the Board of Directors approved the results.
Financial Performance Highlights
The company's financial performance details are available in the audited financial statements.Consolidated Profit and Loss Summary (Rs. in Lakhs)
| Metric | Quarter ended 31/03/2026 (Audited) | Year ended 31/03/26 (Audited) |
|---|---|---|
| Total Revenue from Operations | 42,641.47 | 1,52,878.63 |
| Total Income | 43,422.41 | 1,57,647.51 |
| Total Expenses | 34,238.44 | 1,29,318.47 |
| Profit before tax | 7,793.97 | 26,939.04 |
| Profit for the period | 5,712.74 | 19,841.95 |
In terms of overall profitability, the consolidated statements show key figures for the full financial year ended March 31, 2026:
| Metric | Year ended 31/03/2026 (Audited) | Year ended 31/03/2025 (Audited) |
|---|---|---|
| Total Comprehensive Income (Owners of Parent) | 20,715.90 | 26,154.76 |
| Total Comprehensive Income (Consolidated) | 1,87,874.64 | 1,75,661.66 |
Dividend Declaration
The Board of Directors recommended a Final Dividend of Rs. 1/- per share (representing 10%) on 9,92,65,845 Equity Shares of Rs. 10/- each for the financial year 2025-26.The total final dividend, subject to approval by the Company's members at the ensuing Annual General Meeting, amounts to Rs. 9,92,65,845. This final dividend is in addition to the Interim Dividend for the financial year 2025-26, which was declared at 80% per share. The final dividend is slated for payment within 30 days of its approval at the Annual General Meeting.
Key Management Appointments and Re-appointments
The Board of Directors also addressed several key appointments and re-appointments during the meeting.The Board approved the following:
- Mr. V. R. Garware: Re-appointment as Managing Director, designated as "Chairman and Managing Director," for a further period of five years. This tenure is effective from December 1, 2026, and is subject to the Members' approval at the Annual General Meeting.
- Dr. Shridhar Shrikrishna Rajpathak: Re-appointment as Non-Executive Independent Director for a second consecutive term of five years. This role is effective from November 12, 2026.
- Mr. A. S. Wagle: Continued appointment as Non-Executive Independent Director for the remainder of his term, effective July 9, 2027.
- Ms. Poonam Gupta: Appointment as Chief Human Resource Officer (Senior Management Personnel), effective May 20, 2026.
Segment Financial Overview
The detailed segment results show the operational breakdown and financial health of the various units.Total Profit Before Tax (Rs. in Lakhs)
| Period | 31/03/2026 | 31/03/2025 |
|---|---|---|
| Total Profit Before Tax (Standalone) | 7,434.90 | 28,562.73 |
| Total Profit Before Tax (Consolidated) | 7,793.97 | 30,845.71 |
The financial results for the quarter and year ended March 31, 2026, provide insights into the company's segment revenue and assets.
Total Segment Assets (Rs. in Lakhs)
| Category | 31/03/2026 (Audited) | 31/03/2025 (Audited) |
|---|---|---|
| Total Segment Assets (Consolidated) | 1,77,890.83 | 1,75,661.66 |
***
Disclaimer: All financial figures are presented in the original currency units (Lakhs) and figures provided in the source material.
GARFIBRES Stock Price Movement
Garware Technical Fibres Limited shares today slipped by 1.12% to settle at ₹635.2. The stock closed with a volume of 33,870 shares.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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