Garware Technical Fibres Limited strategy deck summary

Strategy deck of 24 May 2026, summarised by AI from the filing.

Garware Technical Fibres highlights aquaculture, geosynthetics and VAR ropes growth, with USA sports nets back on track post tariff resolution.

Key takeaways

1. Geosynthetics Strong topline and profit growth continues in FY 2026; strong order book provides visibility for next year.
2. Sports nets USA business back on track post U.S tariff resolution; orders flowing at higher rates; margins normalized.
3. VAR ropes OTS acquisition strengthens brand and presence; delivered planned financial performance in 2025; ROCE & EPS positive for GTFL.
4. Salmon supply Industry expects low global supply growth in 2026.

Original filing on BSE

Garware Technical Fibres Limited Q1 FY27 results

As filed: Revenue ₹482 cr (+31% year on year), EBITDA ₹90.1 cr (+34% year on year), PAT ₹64.6 cr (+22% year on year), EBITDA margin 18.7% (+42 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹426 cr (−2% year on year), EBITDA ₹96.2 cr (−2% year on year), PAT ₹57.3 cr (−5% year on year), EBITDA margin 22.6% (−6 bps). Score 39 of 100, Below trend. Revenue, EBITDA and profit before exceptional items growth were below the company's own trend. EBITDA margin was flat year on year. Share price after the results: +25.4% in 30 days (Nifty 500: +2.5%).
• Q3 FY26: Revenue ₹387 cr (+10% year on year), EBITDA ₹70.8 cr (+11% year on year), PAT ₹56.3 cr (+17% year on year), EBITDA margin 18.3% (+5 bps). Score 70 of 100, Above trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was above it. EBITDA margin was flat year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Profit rose ₹8.3 cr on a year ago, more than the ₹5.0 cr it added the year before. Share price after the results: −11.6% in 30 days (Nifty 500: −10.1%).
• Q2 FY26: Revenue ₹348 cr (−17% year on year), EBITDA ₹49.0 cr (−46% year on year), PAT ₹32.0 cr (−52% year on year), EBITDA margin 14.1% (−753 bps). Score 2 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 753 bps year on year. Revenue fell 5% from last quarter. Profit rose ₹-34.0 cr on a year ago, against ₹14.0 cr the year before. Share price after the results: −10.4% in 28 days (Nifty 500: +1.3%).
• Q1 FY26: Revenue ₹367 cr (+9% year on year), EBITDA ₹67.0 cr (+5% year on year), PAT ₹53.0 cr (+13% year on year), EBITDA margin 18.3% (−79 bps). Score 37 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it; profit growth was in line with it. EBITDA margin fell 79 bps year on year. Revenue fell 15% from last quarter. Share price after the results: −8.0% in 28 days (Nifty 500: +1.7%).
• Q4 FY25: Revenue ₹433 cr (+13% year on year), EBITDA ₹98.0 cr (+8% year on year), PAT ₹71.0 cr (+1% year on year), EBITDA margin 22.6% (−119 bps). Score 31 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 119 bps year on year. Profit rose ₹1.0 cr on a year ago, against ₹10.0 cr the year before. Share price after the results: −4.5% in 29 days (Nifty 500: +0.5%).
• Q3 FY25: Revenue ₹351 cr (+21% year on year), EBITDA ₹64.0 cr (+19% year on year), PAT ₹48.0 cr (+12% year on year), EBITDA margin 18.2% (−45 bps). Score 59 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin fell 45 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue fell 17% from last quarter.
• Q2 FY25: Revenue ₹421 cr (+28% year on year), EBITDA ₹91.0 cr (+34% year on year), PAT ₹66.0 cr (+27% year on year), EBITDA margin 21.6% (+88 bps). Score 76 of 100, Above trend. EBITDA margin rose 88 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Garware Technical Fibres Limited earnings call, investor presentation and press release summaries

• Other events: Strategy deck (24 May 2026), Strategy deck (8 Mar 2026)