Mumbai, February 12 Technical textiles manufacturer, Garware Technical Fibres, announced on Thursday a 17.6 per cent growth in consolidated profit after tax (PAT) during the quarter ending December 31, 2025, at Rs 56.2 crore, compared to the same period of the previous financial year.
The company's PAT stood at Rs 47.8 crore during the corresponding period of the previous fiscal, Garware Technical Fibres said in a statement.
The company's net sales increased by 10.4 per cent to Rs 387.2 crore during the quarter under review, compared to Rs 350.7 crore in the same period of the previous period.
"Our financial performance has returned to normal in Q3 of FY26, following a challenging Q2, driven by a one-time event which led to a significant decline in North European salmon aquaculture orders.
"Order flow is now normal, and we are working to ship and bill as much as possible in the remainder of FY26," said Vayu Garware, CMD of Garware Technical Fibres.
In this quarter, the company saw good results in Chile, the international value-added rope business, and significant growth in the domestic business, he said.
However, US duties have an impact on profitability margins for Q3 and some impact will be seen in Q4 as well. "We have worked closely to retain all our US customers. With recent announcements for relaxation in US tariffs, we expect to return to our original margins and ordering cycles in the coming quarters. The geosynthetics business continues excellent growth momentum on profitability as well as ROCE," he said.
With better visibility in the salmon aquaculture business and resolution of US Tariff issues, the company is confident that it will be able to return to healthy profit growth in the coming year, he added.
