Garware Technical Fibres LimitedQ1 FY27 Results & Financial Update

Garware Technical Fibres Limited: Q1 FY27 consolidated results and company financials – revenue ₹482.37 Cr, PAT ₹64.60 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: GARFIBRESPublished 18 Oct 2026Updated 18 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹482.37 CrReported Q1 FY27
Profit after tax₹64.60 CrReported Q1 FY27
EPS₹6.56Reported Q1 FY27

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Quarterly Results AnalysisExplore Garware Technical Fibres Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Garware Technical Fibres Limited reported consolidated total income from operations of INR 482.37 crore for the first quarter of fiscal year 2027, accompanied by total income of INR 491.29 crore including other income.

02

Profitability for the quarter remained solid, with profit before tax (PBT) reaching INR 86.36 crore and net profit after tax (PAT) settling at INR 64.60 crore on a consolidated basis.

04

Other income contributed INR 8.93 crore to the consolidated total income for the period ended June 30, 2026, supporting overall bottom-line performance alongside core operational revenues.

05

The consolidated tax expense for the quarter was recorded at INR 21.87 crore, reflecting normal statutory obligations on the reported pre-tax earnings.

06

Financing costs were kept modest at INR 3.33 crore, while depreciation and amortization charges amounted to INR 9.33 crore for the three-month period.

07

The financial statements for the quarter ended June 30, 2026, were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 5, 2026, with a limited review carried out by the statutory auditors.

08

Garware Technical Fibres Limited recorded consolidated revenue from operations at INR 482.37 crore for the quarter ended 30th June 2026.

01 · Business model

What does Garware Technical Fibres do?

Garware Technical Fibres Limited is a multi-divisional technical textiles manufacturer producing specialized ropes, nets, cordage, and geosynthetics tailored for aquaculture, fisheries, shipping, agriculture, and industrial uses worldwide.

The company's primary revenue engine relies on value-added synthetic technical polymer products designed for specific engineered applications where durability, strength, and environmental resistance are paramount.

Operating globally with a strong export footprint alongside its domestic Indian market, the company serves institutional and commercial clients ranging from deep-sea fishing fleets and fish-farming enterprises to infrastructure developers.

The commercial model emphasizes customized, high-performance engineered solutions rather than commodity textile manufacturing, allowing the business to command technical differentiation across its core end-markets.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹482.37 Cr
Total income₹491.30 Cr
Profit before tax₹86.36 Cr
Profit after tax₹64.60 Cr
EPS₹6.56

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 13.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 17.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹8.93 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operating Revenue Generation

The company recorded consolidated revenue from operations of INR 482.37 crore for Q1 FY27, driven by core technical textile and synthetic cordage sales.

Other Income Contribution

Other income added INR 8.93 crore to the total consolidated income of INR 491.30 crore during the quarter.

Other Income Contribution

Other income contributed INR 8.93 crore, lifting total consolidated income to INR 491.30 crore for Q1 FY27.

Consolidated Operating Income

Total income from operations reached INR 482.3727 crore for the consolidated entity during the first quarter of FY27.

Total Income Inflow

Total income, inclusive of other income streams, stood at INR 491.2979 crore on a consolidated basis for the quarter ended 30 June 2026.

Standalone Revenue Contribution

Standalone operations generated INR 409.7802 crore in revenue from operations out of a total standalone income of INR 418.7079 crore.

What drove margins

Depreciation and Finance Charges

Depreciation and amortization stood at INR 9.33 crore, while finance costs were contained at INR 3.33 crore for the quarter.

Tax Outgo

Total tax expense for the period was recorded at INR 21.87 crore against a profit before tax of INR 86.36 crore.

Depreciation and Finance Charges

Depreciation and amortization stood at INR 9.33 crore and finance costs at INR 3.33 crore, representing manageable operational overheads relative to a PBT of INR 86.36 crore.

Tax Provision

Total tax expense for the quarter was INR 21.87 crore, resulting in a net profit after tax of INR 64.60 crore and an implied PAT margin of approximately 13.39%.

04 · Reported developments

What changed operationally

Solid Quarterly Profitability

Consolidated net profit after tax reached INR 64.60 crore for Q1 FY27, with basic and diluted EPS at INR 6.56.

Stable Profitability

The company registered a consolidated PAT of INR 64.60 crore for the quarter, reflecting steady operational execution.

05 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval and Review

The unaudited standalone and consolidated financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors on 5th August 2026, with a limited review conducted by the statutory auditors.

06 · Key Q&A

The quarter, answered directly

What does Garware Technical Fibres do?

Garware Technical Fibres Limited is a multi-divisional technical textiles manufacturer producing specialized ropes, nets, cordage, and geosynthetics tailored for aquaculture, fisheries, shipping, agriculture, and industrial uses worldwide.

What is the clearest takeaway from Q1 FY27?

Garware Technical Fibres Limited reported consolidated total income from operations of INR 482.37 crore for the first quarter of fiscal year 2027, accompanied by total income of INR 491.29 crore including other income.

What drove revenue or demand?

The company recorded consolidated revenue from operations of INR 482.37 crore for Q1 FY27, driven by core technical textile and synthetic cordage sales.

What mattered most for margins or profitability?

Depreciation and amortization stood at INR 9.33 crore, while finance costs were contained at INR 3.33 crore for the quarter.

What changed operationally beyond the headline numbers?

The unaudited standalone and consolidated financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors on 5th August 2026, with a limited review conducted by the statutory auditors.

What should the next disclosure help confirm?

Monitor upcoming quarterly disclosures for sequential revenue growth and margin trends across core technical textile segments.

07 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

08 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Financial Disclosures: Monitor upcoming quarterly disclosures for sequential revenue growth and margin trends across core technical textile segments.

  2. 02

    Subsequent Financial Disclosures: Monitor upcoming quarterly financial filings for sequential operational trends and order book updates.

  3. 03

    Subsequent Financial Disclosures: Monitor subsequent quarterly financial filings and exchange disclosures for comparative performance indicators and operational updates as the fiscal year progresses.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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