| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 458.74 | 19.5% | 1.6% |
| Total Income | 475.21 | 18.6% | 0.8% |
| Expenditure | 402.10 | 13.2% | 1.1% |
| PBT | 73.11 | 39.3% | 9.8% |
| Net Profit | 55.77 | 38.9% | 8.3% |
| OPM | 15.32% | 5.65pp | 3.34pp |
| NPM | 11.74% | 3.89pp | 0.96pp |
| EPS | 24.01 | 38.9% | 8.3% |
Garware Hi-Tech Films Delivers Resilient Q3FY26 Performance Amid Global Volatility
31 Jan 2026 · 31 Jan, 4:16 pm
Summary
Garware Hi-Tech Films Limited (GHFL), a global manufacturer of Solar Control Films, Paint Protection Films and other Specialty Polyester Films, announced its UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025. Despite global trade conditions, the company managed to deliver a resilient performance with a 1.6% YoY decline in revenue and a 8.3% YoY decline in PAT.
Key Highlights
- 1
Revenue: 2458.7 crore (down 1.6% YoY)
- 2
EBITDA: Rs 86.7 crores (down 7.4% YoY) with margin at 18.9%
- 3
PAT: Rs 55.8 crores (down 8.3% YoY) with 12.2% margin
- 4
9MFY26 Snapshot: Revenue at Rs 1,523.4 crores (down 2.4% YoY), EBITDA at Rs 343 crores (down 8.3% YoY; margin 22.5%), PAT at Rs 230 crores (down 9.2% YoY; margin 15.1%)
- 5
Plans to establish a wholly owned subsidiary in UAE
- 6
Launched Garware Home Solutions, a high-margin D2C business
- 7
Set up two first-of-its-kind Global Application Studios in the MENA region
Management Comments
Dr S. B. Garware
Chairman and Managing Director, Garware Hi-Tech Films Limited
Global trade conditions continue to evolve amid tariff recalibrations and geopolitical realignments, and the Company remains steadfast in its focus on long-term value creation through disciplined execution and strategic clarity. Our strategic vision is anchored in building a resilient, innovation-led organisation capable of adapting to global transitions while capitalising on emerging opportunities.
Ms. Monika Garware
Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films Limited
The Company continued to make steady progress during the third quarter. Despite tariff-related impacts, revenues remained largely stable. More recently, we announced plans to establish a wholly owned subsidiary in UAE to strengthen our export footprint across the MENA region and other international markets. As part of our D2C journey, we launched Garware Home Solutions with the opening of our first showroom in Mumbai. In addition, we set up two first-of-its-kind Global Application Studios in the Middle East, marking an important step in expanding our D2C initiatives and deepening customer engagement in the region. Our focus remains on disciplined execution and prudent risk management as we continue to pursue sustainable, long-term growth.
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