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Profit before exceptional items and tax declined 5.11% year-on-year to Rs 91.83 crore in Q4 FY26 from Rs 96.78 crore posted in the corresponding quarter last year. The company also reported an exceptional loss of Rs 13.90 crore during the quarter.
Total expenses marginally shed 0.67% to Rs 342.38 in Q4 FY26 compared with Rs 344.72 crore in Q4 FY25. Cost of material consumed stood at Rs 103.39 crore (up 21.09% YoY), employee benefit expenses stood at Rs 57.40 crore (up 9.37% YoY) and processing and testing charges was at Rs 35.41 crore (up 6.88% YoY) during the period under review.
Commenting on the performance, Vayu Garware, chairman and managing director of Garware Technical Fibres, said, “the company’s overall business performance returned to track in the second half of FY26, aided by normalization in order flows from the salmon aquaculture segment and the U.S. market during the last quarter. He added that production and shipments resumed to normal levels in Q4, although certain consignments were impacted by the Middle East conflict that began in March 2026, leading to a sharp rise in goods in transit compared with the previous period.
Garware said the geo-synthetics business continued to witness strong growth momentum in profitability as well as return on capital employed (ROCE), and remains well positioned for further growth in FY27. The company also witnessed an unprecedented increase in raw material prices in March 2026 due to the ongoing Middle East conflict, which resulted in some delay in domestic dealer offtake. The company, however, continues to pass on higher raw material costs to customers, albeit with a time lag, while increasing inventory levels to ensure uninterrupted supplies.
On the outlook, management said the impact of the continuing Middle East conflict remains uncertain, but the company is closely monitoring the situation and taking proactive steps to minimize disruptions. It added that innovation and new product launches remain key priorities and expressed confidence of delivering healthy profit growth in the coming year, supported by improved visibility in the salmon aquaculture business and the resolution of U.S. tariff-related issues.”
The board of directors has recommended a final dividend of Re 1 per equity share, representing 10% on the face value of Rs 10 each, for FY26. The proposed payout, subject to shareholders’ approval at the ensuing Annual General Meeting (AGM), will amount to Rs 9.93 crore on 9.92 crore equity shares. This is in addition to the interim dividend of Rs 8 per share, or 80%, already declared for FY26.
Garware Technical Fibres is a technical textiles company that provides customised solutions across global markets. It operates in segments such as sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geosynthetics, and is known for its applied innovation in these areas.
For the full year,net profit declined 14.20% to Rs 198.67 crore in the year ended March 2026 as against Rs 231.54 crore during the previous year ended March 2025. Sales declined 0.74% to Rs 1528.79 crore in the year ended March 2026 as against Rs 1540.11 crore during the previous year ended March 2025.
Ratnamani Metals & Tubes Ltd, Garware Technical Fibres Ltd, Godrej Agrovet Ltd and Sharda Cropchem Ltd are among the other gainers in the BSE's 'A' group today, 12 February 2026.
Avanti Feeds Ltd soared 13.57% to Rs 1355.05 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.12 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.
Ratnamani Metals & Tubes Ltd surged 12.31% to Rs 2223.15. The stock was the second biggest gainer in 'A' group. On the BSE, 14068 shares were traded on the counter so far as against the average daily volumes of 1218 shares in the past one month.
Garware Technical Fibres Ltd spiked 9.95% to Rs 758. The stock was the third biggest gainer in 'A' group. On the BSE, 55289 shares were traded on the counter so far as against the average daily volumes of 5529 shares in the past one month.
Godrej Agrovet Ltd jumped 9.50% to Rs 646.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.6 lakh shares were traded on the counter so far as against the average daily volumes of 17259 shares in the past one month.
Sharda Cropchem Ltd rose 7.98% to Rs 1235.95. The stock was the fifth biggest gainer in 'A' group. On the BSE, 32403 shares were traded on the counter so far as against the average daily volumes of 65476 shares in the past one month.
Total expenses increased 10.71% to Rs 329.54 in Q3 FY26 compared with Rs 297.66 crore in Q3 FY25. Cost of material consumed stood at Rs 98.71 crore (up 1.84% YoY), employee benefit expenses stood at Rs 58.46 crore (up 7.78% YoY) and processing and testing charges was at Rs 40.33 crore (up 24.63% YoY) during the period under review.
On a nine month basis, the company’s consolidated net profit declined 11.96% YoY to Rs 141.29 crore in 9M FY26. Revenue from operations fell 0.47% to Rs 1,102.37 crore in 9M FY26 compared with Rs 1,107.56 crore in 9M FY25.
Vayu Garware, CMD, Garware Technical Fibres, said, “Our financial performance has come on track in Q3FY26 after a challenging Q2, driven by a one-time event which led to a significant decline in North European Salmon Aquaculture orders. Order flow is now normalized and we are working to ship and bill as much as possible in the rest of FY26.
In this quarter, we saw good results in Chile, international value added ropes business and significant growth in domestic business. However, USA duties has impact on our profitability margins for Q3 and some impact will be seen in Q4 as well. We have worked closely to retain all our US customers. With recent announcements for relaxation in USA tariffs, going forward we expect to return back to original margins and ordering cycles in the coming quarters.
The Geosynthetics business continues excellent growth momentum on profitability as well as ROCE. New product launched in Norway in Hi are receiving a very positive response from the market through good order flows from our largest customers. We are rolling out these products in other markets as well.”