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Garware Offshore Services Ltd share price inched up 1.92% to Rs 50.9. The Company`s net profit plunged by 48.57% to Rs 2.87 crore, while revenue from operations eased by 5.53% to Rs 11.79 crore in Q2FY26 over Q1FY26. The market capitalization of Shipping industry group stocks on BSE stood at Rs 52672.57 crore, jumping 19.55%. It has softened by 2.95% over last one week and eased lower by 0.50% in last one month while the market capitalization of Garware Offshore Services Ltd has gained 13.74% and 15.08% in the same period respectively. Profit before tax (PBT) of Garware Offshore Services Ltd stood at Rs 2.82 crore in Q2 FY26, expanding by 56.67% year-on-year, and tanking 43.82% quarter-on-quarter. EBITDA came in at Rs 4 crore, tumbling by 239.44% YoY and rallying 63.64% sequentially. Total expenses fell by 18.45% to Rs 13.26 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.01 crore, plunging by 18.55% YoY. For the TTM ended FY26, revenue from operations declined by 16.48% to Rs 32.75 crore, while net profit tanked by 90.31% to Rs 3.65 crore, compared to previous TTM. EBITDA saw a sharp decline of 1114% to Rs 5.09 crore, and PBT collapsed by 90.59% to Rs 3.73 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 9.41 crore in FY26, as against Rs 11.78 crore in FY25. Garware Offshore Services Ltd nosedived by 34.18% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.56% during the same period.

Garware Offshore Services will hold a meeting of the Board of Directors of the Company on 10 August 2026.

Net Loss of Garware Offshore Services reported to Rs 5.58 crore in the quarter ended March 2026 as against net loss of Rs 1.85 crore during the previous quarter ended March 2025. Sales rose 39.13% to Rs 12.48 crore in the quarter ended March 2026 as against Rs 8.97 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 9.29 crore in the year ended March 2026 as against net profit of Rs 3.65 crore during the previous year ended March 2025. Sales rose 9.07% to Rs 35.72 crore in the year ended March 2026 as against Rs 32.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales12.488.97 39 35.7232.75 9 OPM %21.8815.94 -18.3417.19 - PBDT1.420.87 63 3.304.22 -22 PBT-5.09-2.57 -98 -14.80-9.29 -59 NP-5.58-1.85 -202 -9.293.65 PL Powered by Capital Market - Live News

Net Loss of Garware Offshore Services reported to Rs 5.42 crore in the quarter ended March 2026 as against net loss of Rs 1.00 crore during the previous quarter ended March 2025. Sales rose 39.13% to Rs 12.48 crore in the quarter ended March 2026 as against Rs 8.97 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 11.70 crore in the year ended March 2026 as against net loss of Rs 7.96 crore during the previous year ended March 2025. Sales rose 9.07% to Rs 35.72 crore in the year ended March 2026 as against Rs 32.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales12.488.97 39 35.7232.75 9 OPM %23.6427.76 -20.3520.55 - PBDT1.652.18 -24 7.255.35 36 PBT-4.86-1.26 -286 -10.85-8.16 -33 NP-5.42-1.00 -442 -11.70-7.96 -47 Powered by Capital Market - Live News

Garware Offshore Services will hold a meeting of the Board of Directors of the Company on 28 May 2026.