Garware Hi-Tech Films Limited (GHFL) announced a record-breaking first quarter for FY27, with revenue surging 28% YoY to ₹633 crore and Profit After Tax (PAT) climbing 60% YoY to ₹133 crore. The company also achieved a significant EBITDA margin of 30.3%, up 544 bps YoY. This performance was driven by strong momentum in automotive and architectural segments, product innovation, and global market expansion.
Garware Hi-Tech Films Reports Record Q1 FY27 Results
Garware Hi-Tech Films Limited (GHFL) has delivered a record-breaking first quarter for the financial year 2026-2027 (Q1 FY27), ending June 30, 2026. The company announced its unaudited financial results, highlighting a robust increase in both revenue and profitability compared to the same period last year.
Key Financial Highlights for Q1 FY27
Revenue from operations reached ₹633 crore, marking a substantial 28% year-on-year (YoY) increase and a 6% quarter-on-quarter (QoQ) growth. This performance represents the company’s strongest quarter to date. The strong top-line was attributed to a demand revival and improved realizations across its various segments.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹192 crore, an impressive 56% YoY jump, with the EBITDA margin expanding by 544 basis points (bps) YoY to 30.3%. This margin expansion was driven by operating leverage, a favourable product mix, and sustained cost efficiencies.
Profit Before Tax (PBT) grew by 56% YoY to ₹176 crore, with the PBT margin improving to 27.9%. Cash Profit saw a 54% YoY increase to ₹148 crore.
The company’s Profit After Tax (PAT) recorded a significant 60% YoY increase, reaching ₹133 crore. The PAT margin improved to 21.0%, up 418 bps YoY, reflecting the company’s strong operating performance.
Earnings Per Share (EPS) for the quarter was ₹57, a 60% YoY rise from ₹36 in the previous year.
Strategic Growth Initiatives and Outlook
GHFL is progressing with its capacity expansion plans. The commissioning of the new TPU line remains on track for Q3 FY27. Furthermore, the ₹191 crore SCF line, incorporating advanced robotics and automation, is on schedule for commercial production in H1 FY28, expected to add approximately 1,200 LSF of capacity and bolster the company’s specialty films pipeline.
The company also highlighted traction in product innovation, with recently launched TPU-based UV printable films, PDLC specialty films, Ceramic Coating, and Graphic Solutions witnessing encouraging market acceptance. Global D2C scaling continues with the addition of 14 international Global Application Studios (GAS), while domestic D2C presence has expanded to over 250 Garware Application Studios.
The anticipated anti-dumping duty on Chinese TPU-based PPF imports is expected to provide a competitive advantage and support the domestic PPF business. Management expressed optimism about the FY27 outlook, focusing on expanding product applications, reaching more customers, and strengthening GHFL’s global position in specialized films.
Source: BSE
