Shares of Garware Hi-Tech Films Limited experienced a sharp decline today, falling by 18.21% to close at ₹3,199.75 on the NSE, marking a drop of ₹712.30 from the previous close of ₹3,912.05. This sell-off comes despite the company reporting a strong financial performance for the third quarter ending December 31, 2024.
Key Financial Highlights (Q3 FY25):
- Revenue from operations: ₹466.4 crore, up 2.8% YoY compared to ₹453.6 crore in Q3 FY24.
- Net Profit (PAT): ₹60.8 crore, up 8.8% YoY from ₹55.9 crore.
- EBITDA: ₹93.7 crore, a 10.7% increase from ₹84.6 crore in Q3 FY24, reflecting improved cost control and better operational performance.
- EBITDA margin: Increased to 20.1% from 18.6% YoY.
- PBT: ₹81 crore, up 11% YoY from ₹73 crore.
- Cash Profit: ₹69.4 crore, up 6% YoY.
- EPS: Improved to ₹26.2 from ₹24.1 in the previous year.
Nine-Month Performance Highlights (9M FY25):
- Revenue: ₹1,561.4 crore, up 26.9% YoY from ₹1,230.4 crore.
- EBITDA: ₹374.1 crore, up 61.7% YoY.
- PBT: ₹336.7 crore, up 75.2% YoY.
- Net Profit (PAT): ₹253.4 crore, up 74.2% YoY.
Management Commentary
Dr. S. B. Garware, Chairman and Managing Director, commented on the company’s growth trajectory, emphasizing strategic partnerships and operational improvements. He reassured that the company’s investment in expanding manufacturing capacity will position it for long-term success.
Ms. Monika Garware, Vice Chairperson, highlighted the significance of innovations like the Colored PPF and new product launches, which are expected to open up new business avenues.
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