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News Details

19/08/2026 20:20

Garware Tech. Fibres Q1 net profit down 11.19% at Rs 48.99 cr

The company reported standalone net profit of Rs 48.99 crore for the quarter ended June 30, 2026 as compared to Rs 55.16 crore in the same period last year, registering a year-on-year decline of 11.19 per cent.

Net revenue of the company rose moderately by 15.31 per cent at Rs 401.33 crore in April-June quarter of this fiscal as against Rs 348.04 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 19.73 per cent to Rs 333.76 crore from Rs 278.75 crore in year ago period.

Other Income dipped by 31.58 per cent at Rs 8.45 crore versus (Jun'25 Rs 12.35 crore).

Operating Profit slipped by 2.48 per cent to Rs 67.57 crore as against Rs 69.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.42 per cent in June quarter.

Interest declined by 12.60 per cent y-o-y to Rs 2.22 crore, while Taxation decreased by 0.06 per cent at Rs 16.58 crore (Jun'25 Rs 16.59 crore).