Garware Technical Fibres logged a net profit of ₹58.6 crore in Q2, a 83.4% leap from ₹31.9 crore a year earlier, while revenue ticked up 33% to ₹462.6 crore—its highest quarterly haul yet. The shares closed 0.21% lower at ₹750.10, reflecting a cautious market response to the earnings beat.
Earnings before interest, tax, depreciation and amortisation surged 65.3% YoY to ₹80 crore, pushing the EBITDA margin to 17.3% from 13.9% in the same quarter last year. This sharp margin expansion underscores a disciplined cost structure amid rising input prices.
The uptick was largely driven by the salmon‑aquaculture and US sports segments, which outpaced domestic demand. Geosynthetics and value‑added rope businesses also delivered solid margins, with the former maintaining a profitable trajectory.
Raw‑material inflation and freight costs on international routes remained a headwind, but the company offset these by raising prices, tightening procurement, and sharpening operational efficiencies. Vayu Garware, chairman and managing director, noted that customer relationships and service levels were preserved despite the pressures.
First‑half profit after tax climbed 46.5% YoY, and free cash flow improved markedly. The firm plans to monitor West Asia conflict impacts on oil prices and global logistics while continuing to invest in product innovation. Management signals a focus on disciplined capital allocation and returns, positioning the company for sustained growth in the coming quarters.