Garware Marine Industries Reports Reduced Net Profit for H1, Issues Corporate Guarantee

1 min read Updated on 31 Oct 2025, 02:15 PM

Reviewed by

Naman SharmaScanX News Team

Overview

Garware Marine Industries Limited reported a 50.29% decrease in net profit to ₹15.44 for H1 FY2026, despite a 26.97% increase in total revenue to ₹51.55. The company's Q2 revenue rose 27.58% quarter-on-quarter to ₹26.00 lakh. Total assets decreased by 9.22% to ₹1,767.71, and total equity fell by 8.19% to ₹1,648.34 compared to March 31. Notably, the company issued a ₹100 crore corporate guarantee for Global Offshore Services Ltd against a ₹400 crore term loan from Kotak Mahindra Bank.

*this image is generated using AI for illustrative purposes only.

Garware Marine Industries Limited has released its financial results for the first half of the fiscal year, revealing a decline in net profit amid fluctuating revenue. The company has also made a significant move by issuing a corporate guarantee, potentially impacting its financial position.

Financial Performance

For the six months ended September 30, Garware Marine Industries reported the following key financial metrics:

Particulars	H1 FY2026	H1 FY2025	Change
Net Profit	₹15.44	₹31.06	-50.29%
Total Revenue from Operations	₹51.55	₹40.60	+26.97%
Basic EPS	₹0.26	₹0.45	-42.22%

The company's net profit saw a significant decrease of 50.29% compared to the same period last year. However, the total revenue from operations showed an improvement, increasing by 26.97%.

Quarterly Performance

For the quarter ended September, Garware Marine Industries reported:

Revenue from operations: ₹26.00 lakh
This represents a 27.58% increase from the previous quarter's revenue of ₹20.38 lakh

Balance Sheet Highlights

As of September 30, the company's financial position showed:

Particulars	September 30	March 31	Change
Total Assets	₹1,767.71	₹1,947.22	-9.22%
Total Equity	₹1,648.34	₹1,795.48	-8.19%

Corporate Guarantee Issuance

In a significant development, Garware Marine Industries has issued a corporate guarantee of ₹100 crore on behalf of Global Offshore Services Ltd (GOSL). This guarantee is against a term loan of ₹400 crore from Kotak Mahindra Bank to GOSL. The company will receive a guarantee commission as agreed with GOSL, potentially providing an additional revenue stream.

Conclusion

While Garware Marine Industries has seen a decline in profitability for the first half, the increase in revenue from operations indicates potential for growth. The corporate guarantee issued may have implications for the company's financial strategy and risk management going forward. Investors and stakeholders will likely be watching closely to see how these developments affect the company's performance in the coming quarters.

Historical Stock Returns for Garware Marine Industries