Garware Tech Q1 Profit Rises 13.5%
Garware Technical Fibres Ltd. (GTFL), a leading manufacturer of technical textiles for domestic and global markets, has reported a 13.5% year-on-year rise in consolidated net profit after tax at Rs 53.1 crore for the quarter ended June 30, 2025, compared to Rs 46.8 crore in the same period last year.
Consolidated net sales grew 9% to Rs 367.2 crore in Q1FY26 from Rs 336.2 crore in Q1FY25. Profit before tax rose 13.4% to Rs 70.4 crore from Rs 62.1 crore a year ago. Earnings per share stood at Rs 5.35, reflecting a 13.6% increase over the previous year.
The growth was driven primarily by the company’s geosynthetics business and robust performance in the international fisheries segment, which saw breakthroughs in new markets and customers. Domestic industrial product sales also posted healthy growth.
Commenting on the results, Vayu Garware, Chairman and Managing Director, GTFL, said, “We have witnessed a topline growth of 9% during the first quarter, driven primarily by the geosynthetics business which continues to grow exponentially. International fisheries segment has also performed very well with key breakthroughs in new markets and customers. Domestically, the industrial product sales have grown well. Profit before tax increased by 13.4% in Q1FY26 over Q1FY25.”
“There are some concerns on the horizon with the significant imposition of tariffs by the US and ongoing geopolitical tension. Though GTFL exports to the USA are only approximately 10% the topline and we do believe that these issues will be resolved in the medium term, we are working hard to find ways to ensure our customers and partners in the US continue to be supported and we are able to manage these temporary disruptions,” Garware added.
