Garware Technical Fibres Q3FY26 PAT up 17.6% to ₹56.2 Cr; PBT up 21.8%
Garware Technical Fibres reported Q3 FY26 consolidated net profit after tax of ₹56.2 Cr, up 17.6% YoY. PBT grew 21.8% to ₹75.4 Cr. Net sales increased 10.4% to ₹387.2 Cr. EPS rose 17.7% to ₹5.66. Management expects healthy profit growth in the coming year.
The financial results show substantial growth in key profitability metrics, exceeding expectations and indicating a positive trajectory for the company. Management's commentary highlights recovery and confidence in future growth, which is material for investors.
The company reported a significant year-on-year increase in net profit and PBT for Q3 FY26, indicating strong operational performance and recovery after a challenging prior quarter. Positive outlook for future growth driven by new product launches and resolution of trade issues further supports the positive sentiment.
Garware Technical Fibres Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26).
For the third quarter of FY26, the company reported a consolidated net sales of ₹387.2 crore, an increase of 10.4% compared to ₹350.7 crore in Q3 FY25. Profit before tax (PBT) rose by 21.8% to ₹75.4 crore in Q3 FY26 from ₹61.9 crore in the same period last year. Net profit after tax (PAT) saw a growth of 17.6%, reaching ₹56.2 crore in Q3 FY26, up from ₹47.8 crore in Q3 FY25. The Earnings Per Share (EPS) increased by 17.7% to ₹5.66 in Q3 FY26, compared to ₹4.81 in Q3 FY25.
For the nine months ended December 31, 2025 (9MFY26), consolidated net sales declined by 0.5% to ₹1102.4 crore from ₹1107.6 crore in 9MFY25. PBT declined to ₹191.5 crore in 9MFY26 compared to ₹211.7 crore in 9MFY25. Net profit after tax declined to ₹141.3 crore in 9MFY26 from ₹160.5 crore in 9MFY25. The EPS for 9MFY26 was ₹14.23.
Mr. Vayu Garware, CMD, Garware Technical Fibres Ltd., commented that the Q3 FY26 performance improved after a challenging Q2, which was affected by a one-time event leading to a significant decline in North European Salmon Aquaculture orders. Order flow has normalized, and the company is focused on shipping and billing in the remainder of FY26. The company noted strong results in Chile, international value-added ropes business, and significant domestic business growth. However, USA duties impacted profitability margins in Q3 and are expected to have some impact in Q4. The company has been working closely with US customers and anticipates returning to original margins and ordering cycles with recent announcements for relaxation in USA tariffs. The Geosynthetics business continues to show excellent growth in profitability and ROCE. New products launched in Norway are receiving positive market responses with good order flows from major customers, and these products are being rolled out in other markets. With better visibility in Salmon Aquaculture and resolution of USA Tariff issues, the company is confident of returning to healthy profit growth in the coming year.
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