Garware Synthetics returns to profitability in FY26
Garware Synthetics Limited reported a net profit of ₹36.22 lakh for FY26, reversing the previous year's loss of ₹1.30 lakh, despite a decline in revenue to ₹1033.92 lakh. The Board approved the audited results on May 30, 2026, with an unmodified opinion from statutory auditors.
*this image is generated using AI for illustrative purposes only.
Garware Synthetics Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹36.22 lakh compared to a net loss of ₹1.30 lakh in the previous year. The company’s revenue from operations declined to ₹1033.92 lakh for FY26 from ₹1072.99 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹9.41 lakh, while revenue from operations stood at ₹240.87 lakh.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors provided an unmodified opinion on the audit report for the financial year. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee.
Total expenses for the year decreased to ₹993.84 lakh from ₹1122.76 lakh in the prior year. The company reported a profit before tax of ₹41.62 lakh for FY26, a significant improvement from the ₹6.76 lakh reported in the previous year. Basic earnings per share (EPS) for the year increased to ₹0.72 from ₹0.02 in FY25.
The statement of assets and liabilities as of March 31, 2026, showed total assets at ₹1389.47 lakh, down from ₹1427.33 lakh in the previous year. Cash and cash equivalents decreased to ₹3.26 lakh from ₹10.32 lakh at the end of FY25. The company’s equity share capital remained unchanged at ₹580.89 lakh.
Financial Results for FY26
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 1033.92 | 1072.99 |
| Total Revenue | 1035.46 | 1101.78 |
| Total Expenses | 993.84 | 1122.76 |
| Profit before tax | 41.62 | 6.76 |
| Net Profit | 36.22 | 1.30 |
| Basic EPS | 0.72 | 0.02 |
Quarterly Performance Comparison
| Particulars | Q4 FY26 (₹ in Lakhs) | Q4 FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 240.87 | 274.55 |
| Total Revenue | 241.39 | 301.67 |
| Total Expenses | 251.00 | 292.03 |
| Net Profit / (Loss) | (9.41) | 0.79 |
| Basic EPS | (0.16) | 0.01 |
Historical Stock Returns for Garware Synthetics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +9.28% | -14.62% | +6.55% | -10.87% | +61.80% |
What specific cost-cutting measures drove the significant reduction in total expenses despite the decline in revenue?
How does the company plan to address the concerning drop in cash and cash equivalents given the return to profitability?
What strategic initiatives will be implemented to reverse the trend of declining revenue from operations observed in FY26?
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