Garware Hi-Tech Films Limited (GHFL), a global manufacturer of Sun Control Films, Paint Protection Films and other Specialty Polyester Films, announces Q3 FY25 revenue from operations remained stable at Rs. 466.4 crores, an increase of 2.8% year-on-year, despite facing industry headwinds and seasonal fluctuations.

EBITDA grew by 10.7% Y-o-Y, supported by the sale of value-added products and overall, PAT stood at Rs. 60.8 crore, an increase of 8.8% Y-o-Y.

9M FY25 EBITDA stood at Rs. 374.1 crores, up by 61.7% Y-o-Y. PBT at Rs. 336.7 crores, up by 75.2%. Y-o-Y PAT at Rs. 253.4 crores, up by 74.2% Y-o-Y.

Revenue from operations for 9M FY25 grew significantly to Rs. 1,561.4 crores, an increase of 26.9% year- on-year, fuelled by steady growth in Sun Control Films (SCF), Paint Protection Films (PPF) and Industrial Products Division (IPD) segments supported by strong marketing strategy and increased market penetration. EBITDA grew by 61.7% Y-o-Y, supported by the sale of value- added products across all segments. Overall PAT increased by 74.2% Y-o-Y.

Commenting on the results, Dr. S. B. Garware, Chairman and Managing Director, Garware Hi-Tech Films Limited said, "As we continue to chart our course towards a future of innovation and excellence, our commitment to long-term sustainable growth remains unwavering. Our strategic emphasis on operational efficiency and high-quality offerings is now further strengthened by strategic partnerships and dynamic marketing strategies. These efforts are not just expanding our footprint in India and overseas markets but also reinforcing our dedication to making a positive impact on our customers and communities.”

Monika Garware, Vice Chairperson and Joint Managing Director, Garware Hi-Tech Films Limited said, “Our performance over the past nine months has been outstanding, driven by continuous innovation, strong focus on enhancing our product offerings and customer experience. To strengthen our future growth plans, we are pleased to inform you that the Board of Directors have approved an investment of INR 118 crores in TPU extrusion line with an annual capacity of 360 LSF at our Waluj Plant and the production is set to commence by October 2026. This line will enhance our manufacturing capabilities, optimize operational costs and support future market demand. We have recently launched the industry's first Coloured PPF and Headlight & Taillight Glass Protection which will open up new business opportunities in the market. Additionally, we made strategic collaborations to ensure PPF offerings are more accessible and supported by a comprehensive insurance program.”