Garware Technical Fibres Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company demonstrated strong profitability growth in Q3FY26 despite a marginal decline in revenue from operations.

Financial Performance Overview

The company's standalone performance showed mixed results with improved profitability metrics. Net profit for Q3FY26 increased significantly to ₹5,396.09 lakhs compared to ₹4,239.20 lakhs in Q3FY25, representing a growth of 27.29%. However, revenue from operations declined to ₹33,980.95 lakhs from ₹35,265.55 lakhs in the corresponding quarter of the previous year.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported standalone net profit of ₹15,644.80 lakhs compared to ₹16,276.47 lakhs in the corresponding period of the previous year. Revenue from operations for the nine-month period was ₹1,04,750.56 lakhs against ₹1,11,375.41 lakhs in the previous year.

Segment-wise Performance

The company operates through two main business segments. The synthetic cordage segment generated revenue of ₹26,754.14 lakhs in Q3FY26 compared to ₹27,791.63 lakhs in Q3FY25. The fibre and industrial products & projects segment contributed ₹7,958.57 lakhs versus ₹8,228.13 lakhs in the corresponding quarter last year.

Consolidated Results

On a consolidated basis, the company reported net profit of ₹5,621.66 lakhs for Q3FY26 against ₹4,776.81 lakhs in Q3FY25. Consolidated revenue from operations increased to ₹38,724.71 lakhs from ₹35,071.90 lakhs in the previous year quarter. The consolidated basic earnings per share stood at ₹5.66 compared to ₹4.81 in Q3FY25.

Corporate Actions and Developments

The Board of Directors declared an interim dividend of ₹8 per equity share of face value ₹10 each for the financial year 2025-26, which was paid on November 28, 2025. The company had allotted 7,94,12,676 equity shares as bonus shares on January 6, 2025, to eligible shareholders on the record date of January 3, 2025.

During the period, Garware Technical Fibres UK Pvt. Ltd. acquired 100% equity share capital of Offshore & Trawl System AS, Norway and Advanced Mooring System AS, Norway on July 7, 2025. The consolidated financial results include the operations of these newly acquired entities.

Garware Technical Fibres Ltd has received a caution letter from BSE Limited regarding erroneous details in its XBRL filing of the Annual Secretarial Compliance Report for FY 2023-24. The regulatory action was communicated to the company on December 30, 2025, highlighting discrepancies in compliance reporting.

Nature of Regulatory Action

The BSE identified incorrect details related to the applicability of SEBI regulations in the company's XBRL filing. The specific violation pertained to erroneous information regarding the SEBI (Prohibition of Insider Trading) Regulations in the Annual Secretarial Compliance Report for FY 2023-24.

Compliance Discrepancies

BSE observed that Garware Technical Fibres had submitted incorrect details concerning the applicability of multiple SEBI regulations, including:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations
• SEBI (Prohibition of Insider Trading) Regulations
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations

The exchange noted discrepancies between the reporting made by the company and the actual regulatory requirements under these frameworks.

BSE Advisory and Future Compliance

BSE Limited has advised Garware Technical Fibres to exercise greater caution in future filings and implement due diligence measures. The exchange emphasized the need for corrective steps to avoid recurrence of such compliance lapses and ensure adherence to applicable provisions of SEBI LODR and related SEBI circulars.

Impact Assessment

The company has reported that this regulatory action will have no impact on its financial, operational, or other business activities. The caution letter appears to be a procedural matter focused on improving compliance standards rather than imposing financial penalties or operational restrictions.