GARWARE SYNTHETICS LTD. Q4 FY26 Results

Summary

Garware Synthetics Limited experienced a mixed financial performance for the year ended March 31, 2026. While revenue from operations for FY26 saw a modest decline of 3.64% to ₹10.34 crore, the company demonstrated a significant turnaround in profitability, reporting a profit of ₹0.36 crore for the year, a substantial increase from ₹0.01 crore in FY25. This was strongly supported by a remarkable surge in annual EBITDA, which grew by 1374.8% to ₹0.93 crore, reaching a margin of 9.03%. Although the fourth quarter of FY26 recorded a revenue decline and a net loss, Q4 EBITDA turned positive. The Board of Directors approved the audited financial results, confirming an unmodified audit opinion from the statutory auditors.

Key Highlights

1. 1

   Garware Synthetics Limited's revenue from operations for the financial year ended March 31, 2026, stood at ₹10.34 crore, a decrease of 3.64% compared to FY25.

2. 2

   The company significantly improved its annual profitability, reporting a profit of ₹0.36 crore for FY26, a substantial increase from ₹0.01 crore in the previous financial year.

3. 3

   EBITDA for FY26 showed remarkable growth, surging by 1374.8% to ₹0.93 crore, achieving an EBITDA margin of 9.03% compared to 0.59% in FY25.

4. 4

   In the fourth quarter of FY26, revenue from operations was ₹2.41 crore, marking a 12.26% decline year-on-year compared to Q4 FY25.

5. 5

   Q4 FY26 saw a positive shift in EBITDA, which turned profitable at ₹0.04 crore (1.60% margin) compared to a loss of ₹0.10 crore (-3.76% margin) in Q4 FY25.

6. 6

   Basic Earnings Per Share (EPS) for FY26 substantially rose to ₹0.72 from ₹0.12 in FY25, reflecting the improved annual performance.

7. 7

   The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, with the statutory auditors providing an unmodified opinion.