Garware Hi-Tech Films Limited — Updates, 07-02-2025: Press Release

Garware Hi-Tech Films Limited (GHFL) reported strong financial results for the quarter and nine months ended December 31, 2024. For the nine-month period, revenues surged by 26.9% year-on-year (YoY) to INR 1,561.4 crore, with EBITDA climbing 61.7% to INR 374.1 crore, and PAT jumping 74.2% to INR 253.4 crore. Despite a challenging third quarter, revenues were stable at INR 466.4 crore, showing a modest YoY increase of 2.8%. The company is moving forward with a new capital expenditure of INR 118 crore for India’s first TPU extrusion line, set to launch by October 2026. Innovations include the introduction of colored paint protection films (PPF) and partnerships for financing and insurance solutions. GHFL has also received recognition as India’s Top Value Creator for 2024. These developments reinforce a positive outlook as GHFL strengthens its position in the specialty film market. Overall, the company's strategic initiatives and robust financial performance highlight its growth potential and market resilience.