Garware Hi-Tech Films Limited has informed the Exchange regarding Board meeting held on May 14, 2025.
GRWRHITECH · price
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Garware Hi-Tech Films reported its highest-ever consolidated performance for FY25, with revenue rising 25.8% year-on-year to Rs. 2,109.4 crores and profit after tax (PAT) jumping 62.9% to Rs. 331.2 crores. EBITDA grew 54.3% to Rs. 495.5 crores, with margins expanding from 19.1% to 23.5%, driven by strong growth in Sun Control Films, Paint Protection Films, and Industrial Products segments. For Q4 FY25 alone, revenue rose 22.7% to Rs. 547.9 crores and PAT climbed 34.6% to Rs. 77.8 crores. The board recommended a final dividend of Rs. 12 per share (120% on face value of Rs. 10) for FY25, subject to shareholder approval. Statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The board also approved the appointment of M/s J.H. Mehta & Co. as a new joint statutory auditor for three years, replacing retiring M/s Kirtane Pandit & Co., along with re-appointments of Deloitte as internal auditor and B.R. Chandak & Co. as cost auditor.
Strong double-digit revenue and earnings growth, expanding margins, and a healthy 120% dividend signal robust business momentum and shareholder-friendly capital allocation, likely to be viewed positively by investors. Auditor change is a routine rotation and carries no governance concern given the clean audit opinion.