Garware Hi-Tech Films Ltd. delivered exceptional financial results for the June quarter, with consolidated net profit jumping 59.78% year-on-year to ₹132.65 crore compared with ₹83.02 crore in the corresponding period last year. According to latest reports from Business Standard, the company's revenue from operations rose 27.90% to ₹633.08 crore from ₹494.99 crore a year earlier, reflecting healthy demand across its business segments. The company's operating profit margin (OPM) expanded to 27.17% from 22.14% a year ago, demonstrating improved operational efficiency despite a higher revenue base.
The company's operating performance showed significant improvement during the quarter. EBITDA increased 57% year-on-year to ₹189.27 crore, up from ₹120.90 crore in the corresponding quarter last year. As reported by Business Standard, the EBITDA margin expanded to 27.3% from 22.2% a year ago, indicating better operating leverage despite a higher revenue base and demonstrating the company's enhanced operational efficiency. The PBDT (Profit Before Depreciation and Tax) rose 57% to ₹189.27 crore and PBT (Profit Before Tax) increased 60% to ₹176.46 crore, reflecting strong operational momentum across all profitability metrics.
Garware Hi-Tech Films has appointed Prashant L. Pai as Interim Chief Financial Officer effective August 6, 2026. The Board of Directors approved the appointment during a meeting held on that date, acting on the recommendation of the Nomination and Remuneration Committee. Pai brings three decades of experience in accounting and finance to the role and has been associated with Garware Hi-Tech Films Limited and its group companies since the beginning of his career. His responsibilities include finalizing accounts, ensuring statutory compliance, coordinating audits, managing cash flows, budgeting, and adhering to applicable laws and regulations. The interim arrangement will remain in place until the Board appoints a new Chief Financial Officer.
The strong earnings performance positively impacted investor sentiment, with shares of Garware Hi-Tech rising over 4% intraday to hit a fresh high of ₹7,848. According to NDTV Profit, the stock has been one of the market's standout performers, rallying nearly 140% over the past 12 months, reflecting sustained investor confidence in the company's growth trajectory and operational improvements. The latest market response reinforces the positive investor sentiment following the company's consistent strong quarterly performance and leadership continuity during the CFO transition period.
