|
Net sales (including other operating income) of
Garware Hi Tech Films has declined 8.20% to Rs 569.69 crore impacted by high
base and tariff impact. However, it was up 15.1% QoQ, supported by improved
product mix (higher SCF sales).
Operating profit margin has declined from 22.05% to
20.97%, leading to 12.71% decline in operating profit to Rs 119.44 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 47.40% to 45.35%. Employee cost increased from 7.25% to
8.56%. Other expenses rose from 22.37%
to 24.30%. Power and Oil fuel cost rose
from 5.86% to 6.17%.
Other income rose 1.54% to Rs 13.86 crore. PBIDT fell 11.42% to Rs 133.3 crore. Provision for interest fell 2.78% to Rs 2.1
crore. Loan funds rose to Rs 18.41 crore
as of 30 September 2025 from Rs 13.80 crore as of 30 September 2024. Inventories rose to Rs 319.62 crore as of 30
September 2025 from Rs 303.76 crore as of 30 September 2024. Sundry debtors were higher at Rs 36.37 crore
as of 30 September 2025 compared to Rs 33.44 crore as of 30 September
2024. Cash and bank balance declined
from Rs 137.12 crore as of 30 September 2024 to Rs 109.95 crore as of 30
September 2025. Investments rose to Rs
684.65 crore as of 30 September 2025 from Rs 524.56 crore as of 30 September
2024 .
PBDT fell 11.54% to Rs 131.2 crore. Provision for depreciation rose 5.98% to Rs
10.81 crore. Fixed assets increased to
Rs 1,550.66 crore as of 30 September 2025 from Rs 1,455.16 crore as of 30
September 2024. Intangible assets
increased from Rs 0.87 crore to Rs 2.21 crore.
Profit before tax down 12.84% to Rs 120.39
crore. Share of profit/loss were nil in
both the periods. Provision for tax was
expense of Rs 29.16 crore, compared to Rs 33.86 crore. Effective tax rate was 24.22% compared to
24.51%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company decreased 12.50% to Rs 91.23 crore.
Equity capital stood at Rs 23.23 crore as of 30
September 2025 to Rs 23.23 crore as of 30 September 2024. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 60.72% as of 30 September 2025
,compared to 60.72% as of 30 September 2024.
Commenting on the results, Dr S. B. Garware, Chairman and
Managing Director, Garware Hi-Tech Films Limited said: “As global trade dynamics evolve amid tariff changes and geopolitical
shifts, the Company remains focused on sustainable growth and long-term value
creation. Our strategic vision is centered on building a future-ready,
innovation-driven enterprise that adapts to global transitions while capturing
emerging opportunities.”
Ms. Monika Garware, Vice Chairperson and Joint Managing
Director, Garware Hi-Tech Films Limited added, “The
Company delivered a strong performance during the quarter, demonstrating solid
fundamentals and efficient operations amid tariff uncertainties, geopolitical
developments, and variable climate conditions. Despite these challenges, our
performance remained stable, highlighting the agility of our operations and the
strength of our market position. Our focus remains on maintaining market share
across key segments while enhancing efficiency and cost competitiveness. The
commercialisation of the new PPF production line will support the Company’s next
phase of growth and value creation. As FY26 unfolds in a complex global trade
environment, we continue to take proactive steps to manage risks, optimise
resources, and sustain growth.”
For year-to-date (YTD) results analysis
Net sales (including other operating income) of
Garware Hi Tech Films has declined 2.77% to Rs 1064.68 crore.
Operating profit margin has declined from 23.33% to
21.51%, leading to 10.36% decline in operating profit to Rs 229.01 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 45.99% to 45.39%. Employee cost increased from 7.54% to
8.85%. Other expenses rose from 23.50%
to 24.50%. Power and Oil fuel cost fell
from 6.31% to 6.02%.
Other income rose 9.05% to Rs 27.24 crore. PBIDT fell 8.63% to Rs 256.25 crore. Provision for interest fell 0.95% to Rs 4.15
crore. Loan funds rose to Rs 18.41 crore
as of 30 September 2025 from Rs 13.80 crore as of 30 September 2024. Inventories rose to Rs 319.62 crore as of 30
September 2025 from Rs 303.76 crore as of 30 September 2024. Sundry debtors were higher at Rs 36.37 crore
as of 30 September 2025 compared to Rs 33.44 crore as of 30 September
2024. Cash and bank balance declined
from Rs 137.12 crore as of 30 September 2024 to Rs 109.95 crore as of 30
September 2025. Investments rose to Rs
684.65 crore as of 30 September 2025 from Rs 524.56 crore as of 30 September
2024 .
PBDT fell 8.75% to Rs 252.1 crore. Provision for depreciation rose 3.69% to Rs
21.38 crore. Fixed assets increased to
Rs 1,550.66 crore as of 30 September 2025 from Rs 1,455.16 crore as of 30
September 2024. Intangible assets
increased from Rs 0.87 crore to Rs 2.21 crore.
Profit before tax down 9.75% to Rs 230.72
crore. Share of profit/loss were nil in
both the periods. Provision for tax was
expense of Rs 56.47 crore, compared to Rs 63.03 crore. Effective tax rate was 24.48% compared to
24.66%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company decreased 9.53% to Rs 174.25 crore.
Equity capital stood at Rs 23.23 crore as of 30
September 2025 to Rs 23.23 crore as of 30 September 2024. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 60.72% as of 30 September 2025
,compared to 60.72% as of 30 September 2024 .
The
scrip is currently trading at Rs 3586
|
Garware Hi Tech Films :
Consolidated Results
|
|
Particulars
|
2509 (03)
|
2409 (03)
|
Var.(%)
|
2509 (06)
|
2409 (06)
|
Var.(%)
|
2503 (12)
|
2403 (12)
|
Var.(%)
|
|
Net Sales
|
569.69
|
620.58
|
-8
|
1,064.68
|
1,095.05
|
-3
|
2,109.36
|
1,677.02
|
26
|
|
OPM (%)
|
21.0
|
22.1
|
|
21.5
|
23.3
|
|
20.9
|
16.8
|
|
|
OP
|
119.44
|
136.83
|
-13
|
229.01
|
255.47
|
-10
|
441.09
|
281.99
|
56
|
|
Other Inc.
|
13.86
|
13.65
|
2
|
27.24
|
24.98
|
9
|
54.4
|
39.06
|
39
|
|
PBIDT
|
133.3
|
150.48
|
-11
|
256.25
|
280.45
|
-9
|
495.49
|
321.05
|
54
|
|
Interest
|
2.1
|
2.16
|
-3
|
4.15
|
4.19
|
-1
|
8.78
|
11.78
|
-25
|
|
PBDT
|
131.2
|
148.32
|
-12
|
252.1
|
276.26
|
-9
|
486.71
|
309.27
|
57
|
|
Depreciation
|
10.81
|
10.2
|
6
|
21.38
|
20.62
|
4
|
41.23
|
39.02
|
6
|
|
PBT
|
120.39
|
138.12
|
-13
|
230.72
|
255.64
|
-10
|
445.48
|
270.25
|
65
|
|
Share of Profit/(Loss) from Associates
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT before EO
|
120.39
|
138.12
|
-13
|
230.72
|
255.64
|
-10
|
445.48
|
270.25
|
65
|
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT after EO
|
120.39
|
138.12
|
-13
|
230.72
|
255.64
|
-10
|
445.48
|
270.25
|
65
|
|
Taxation
|
29.16
|
33.86
|
-14
|
56.47
|
63.03
|
-10
|
114.26
|
66.96
|
71
|
|
PAT
|
91.23
|
104.26
|
-13
|
174.25
|
192.61
|
-10
|
331.22
|
203.29
|
63
|
|
Minority Interest (MI)
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Net profit
|
91.23
|
104.26
|
-13
|
174.25
|
192.61
|
-10
|
331.22
|
203.29
|
63
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
142.6
|
87.5
|
|
|
Notes
|
|
* EPS is on current equity of Rs 23.23 crore, Face value of Rs 10,
Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|