Garware Technical Fibres Ltd, a leading player in India’s technical textiles sector, specializing in high-performance polymer ropes, fishing nets, and geosynthetics, reported weaker financial performance for Q2FY26.
Financial Highlights:
- Revenues declined 17.34% year-on-year to ₹348 crore from ₹421 crore.
- Total expenses decreased 9.06% to ₹311 crore from ₹342 crore.
- Consolidated net profit dropped 51.52% to ₹32 crore from ₹66 crore.
- Earnings per share declined 51.51% to ₹3.22 from ₹6.64.
The sharp profit decline was driven by lower revenues despite cost-cutting efforts, reflecting challenging market conditions.
Outlook:
Garware Technical Fibres is focused on product innovation, expanding its market reach, and operational efficiency improvements to stabilize margins and return to growth momentum.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.