Garware Hi-Tech Films Ltd

Garware Hi-Tech Films Limited will hold its 69th Annual General Meeting on Wednesday, September 23, 2026, at 11:30 a.m. (IST) at its registered office, and has fixed Wednesday, September 16, 2026, as the record date for determining entitlement to a dividend of Rs 12 per equity share, or 120%, recommended by the Board of Directors at a meeting held on May 06, 2026.

Garware Hi Tech Films Ltd share price ticked higher by 1.09% to Rs 7412.4 after the company's net profit soared by 22.59% to Rs 132.65 crore, while revenue from operations slightly gained 6.10% to Rs 633.08 crore in Q2FY26 over Q1FY26. The market capitalization of Plastic Products - Industrial industry group stocks on BSE stood at Rs 1.46 lakh crore, gaining 4.43%. It has marginally improved by 0.86% over last one week and edged lower by 0.84% in last one month while the market capitalization of Garware Hi Tech Films Ltd has improved by 7.66% and 40.56% in the same period respectively. Profit before tax (PBT) of Garware Hi Tech Films Ltd stood at Rs 176.46 crore in Q2 FY26, jumping 59.94% year-on-year, and surging by 23.93% quarter-on-quarter. EBITDA came in at Rs 152 crore, rallying 58.31% YoY and expanding by 33.22% sequentially. Total expenses posted a minor rise of 0.14% to Rs 473.89 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 300.91 crore, slightly declining by 0.78% YoY, while employee benefits expense was at Rs 52.78 crore, easing 4.93% YoY. For the TTM ended FY26, revenue from operations surged 25.78% to Rs 2109.36 crore, while net profit saw a strong growth of 62.93% to Rs 331.22 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 24414% to Rs 386.69 crore, and PBT witnessed a strong rise of 64.84% to Rs 445.48 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 329.72 crore in FY26, as against Rs 172.11 crore in FY25. Garware Hi Tech Films Ltd surged by 121.62% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.64% during the same period.

Garware Hi-Tech Films Limited, formerly Garware Polyester Limited, announced the appointment of Mr. Prashant L. Pai as Interim Chief Financial Officer, effective August 6, 2026, until a new CFO is appointed by the board. Mr. Pai, who has experience with Garware Hi-Tech Films Limited and related companies, holds a Master’s degree and has expertise in accounting, finance, and SAP ERP implementation.

Garware Hi-Tech Films Limited will convene its 69th Annual General Meeting on Wednesday, September 23, 2026, at 11:30 a.m. at its registered office in Chhatrapati Sambhajinagar, Maharashtra, and has fixed September 16, 2026, as the record date for determining entitlement to dividend, while also appointing Mr. Mannish L. Ghia of M/s. Manish Ghia & Associates as the scrutinizer for the e-voting process.

Garware Hi-Tech Films Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting consolidated revenue from operations of Rs 633 crore, a 28% year-over-year increase and a 6% quarter-over-quarter increase, marking the strongest quarter in the company’s history. The company’s profit after tax reached Rs 133 crore, up 60% year-over-year, with a margin of 21.0%, while EBITDA rose to Rs 192 crore, with a margin of 30.3%, driven by operating leverage, favorable product mix, and sustained cost efficiencies; the company expects to commence commercial production of a Rs 191 crore Sun Control Film line in the first half of fiscal year 2028, adding approximately 1,200 LSF of capacity.

Garware Hi-Tech Films Limited will hold a board meeting on Thursday, August 06, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with a limited review report and AGM related matters. The company closed its trading window on June 26, 2026, and it will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results.

Garware Hi Tech Films announced the sad demise of Sarita Garware Ramsay (DIN: 00136048), Joint Managing Director of the Company, on 09 July 2026.

Garware Hi Tech Films has incorporated a wholly owned subsidiary, Garware Hi Tech Global Trading FZCO, in Dubai Airport Free Zone Authority, Dubai on 27 April 2026.

Revenue from operations rose 8.9% year on year (YoY) to Rs 597 crore in Q4 FY25. Profit before tax surged 30.8% YoY to Rs 142 crore in Q4 FY26. EBITDA stood at Rs 157 crore in Q4 FY26, registering a growth of 29%, compared with the Rs 121 crore posted in the corresponding quarter last year. EBITDA margin improved to 26.2% in Q4 FY26 from 22.2% in Q4 FY25. In Q4 FY26, cash profit was at Rs 119 crore, up 27.4% year on year. Dr S. B. Garware, Chairman and Managing Director, Garware HiTech Films, said: 'Garware Hi-Tech Films' performance reflects the resilience, strength, and strategic clarity of a business built over more than three decades.' Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films Limited added, 'We recorded the highest ever quarterly profitability in our history, along with achieving the highest-ever full-year Revenue and PAT since inception, reflecting strong execution and operating discipline. This performance was achieved in an extremely challenging external environment thereby reflecting the strength of our operations and market positioning. During the period, we strengthened our customer first approach through new product launches and the expansion of Garware & Global Application Studios as well as Garware Home Solutions. The newly announced Sun Control Film line will strengthen our future growth.' The company has recommended a dividend of Rs 12 per equity share (120% of face value Rs 10) for FY25-26, subject to approval of members at the ensuing AGM. Garware Hi-Tech Films is one of the largest manufacturers of sun control window films for architectural & automotive applications, paint protection films, and high-end BOPET films for label and industrial applications. Powered by Capital Market - Live

Net profit of Garware Hi Tech Films rose 39.09% to Rs 108.21 crore in the quarter ended March 2026 as against Rs 77.80 crore during the previous quarter ended March 2025. Sales rose 8.90% to Rs 596.69 crore in the quarter ended March 2026 as against Rs 547.94 crore during the previous quarter ended March 2025. For the full year,net profit rose 2.12% to Rs 338.23 crore in the year ended March 2026 as against Rs 331.22 crore during the previous year ended March 2025. Sales rose 0.51% to Rs 2120.11 crore in the year ended March 2026 as against Rs 2109.36 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales596.69547.94 9 2120.112109.36 1 OPM %22.7019.06 -20.5020.91 - PBDT154.38119.19 30 491.35486.71 1 PBT142.39108.83 31 446.22445.48 0 NP108.2177.80 39 338.23331.22 2 Powered by Capital Market - Live