Garware Hi-Tech Films Limited (GHFL) announced a record-breaking performance for the second quarter and first half of FY27. Revenue from operations reached ₹696 crore in Q2 FY27, a 22% year-on-year increase. Profit After Tax (PAT) saw a 42% jump to ₹129 crore. The company also raised its FY27 EBITDA guidance to 27% ±2%, driven by strong operational performance and margin expansion.
Garware Hi-Tech Films Reports Record Q2 and H1 FY27 Results
Garware Hi-Tech Films Limited (GHFL) has announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company has delivered a strong performance, achieving record quarterly revenue and significant profit growth. Revenue from operations for the second quarter (Q2) of FY27 reached an all-time high of ₹696 crore, marking a 22% year-on-year increase. This growth was driven by robust demand and improved realizations across its product segments.
Strong Financial Highlights
For the first half (H1) of FY27, consolidated revenue from operations stood at ₹1,329 crore, a 25% increase compared to H1 FY26. The company’s EBITDA also saw substantial growth, with Q2 FY27 EBITDA at ₹189 crore (up 42% YoY) and H1 FY27 EBITDA at ₹381 crore (up 49% YoY). EBITDA margins for Q2 and H1 FY27 were reported at 27.2% and 28.7% respectively, indicating strong operational efficiency and margin expansion. GHFL has also raised its FY27 EBITDA guidance to 27% ±2%, reflecting confidence in its business model and market position.
Profitability and Earnings Per Share
Profit After Tax (PAT) for Q2 FY27 surged by 42% to ₹129 crore, with a PAT margin of 18.6%. For the half year ended September 30, 2026, PAT was ₹262 crore, a 50% increase year-on-year, with a PAT margin of 19.7%. Earnings Per Share (EPS) for Q2 FY27 stood at ₹55.7, and for H1 FY27, it was ₹112.8, reflecting significant growth in shareholder value.
Strategic Growth Initiatives
The company highlighted several strategic initiatives contributing to its performance, including capacity expansion for TPU and SCF lines, strategic collaborations, product innovation such as PDLC films for smart architecture, and expansion of its D2C network. These initiatives are expected to support future growth and maintain profitability.
Source: BSE
