Garware Hi-Tech Films Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Garware Hi-Tech Films reported Q1 FY27 revenue from operations of INR633 crores, up 28% year-on-year, with EBITDA up 56% to INR192 crores and EBITDA margin expanding to a record 30.30%. Profit after tax grew 60% year-on-year to INR133 crores with PAT margin at 21%. Management attributed the improvement to a richer specialty product mix, growth in Sun Control and Paint Protection Films, and reaffirmed FY27 guidance of over INR2,500 crores revenue with EBITDA margin of 25% plus/minus 2%.
Garware Hi-Tech Films reported its highest ever quarterly and full-year revenue and profitability for Q4 and FY26, with Q4 EBITDA at Rs 157 crore up 29% year-on-year and full-year revenue at Rs 2,120 crore. Management attributed the performance to disciplined offtake management through tariff-related disruptions, a stronger product mix, and expansion into paint protection films, sun control films and TPU-based products. The company also outlined capacity expansion plans, including a new sun control film line and a TPU line expected to commission in October 2026.