Mumbai, May 21 -- Profit before exceptional items and tax declined 5.11% year-on-year to Rs 91.83 crore in Q4 FY26 from Rs 96.78 crore posted in the corresponding quarter last year. The company also reported an exceptional loss of Rs 13.90 crore during the quarter.

Total expenses marginally shed 0.67% to Rs 342.38 in Q4 FY26 compared with Rs 344.72 crore in Q4 FY25. Cost of material consumed stood at Rs 103.39 crore (up 21.09% YoY), employee benefit expenses stood at Rs 57.40 crore (up 9.37% YoY) and processing and testing charges was at Rs 35.41 crore (up 6.88% YoY) during the period under review.

Commenting on the performance, Vayu Garware, chairman and managing director of Garware Technical Fibres, said, "the company's overall busine...