Garware Hi-Tech Films Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Dividend of Rs. 12 per equity share (i.e. 120%), subject to approval of the shareholders.
GRWRHITECH · price
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Garware Hi-Tech Films Limited announced audited results for Q4 and FY ended March 31, 2025, with consolidated revenue rising 25.8% year-on-year to a record Rs. 2,109.4 crore, driven by Sun Control Films, Paint Protection Films and Industrial Products. Consolidated PAT jumped 62.9% to Rs. 331.2 crore, while EBITDA grew 54.3% to Rs. 495.5 crore, expanding margins from 19.1% to 23.5%. Standalone PAT nearly doubled to Rs. 338.9 crore from Rs. 180.9 crore last year, with EPS of Rs. 145.88. The Board recommended a final dividend of Rs. 12 per share (120%) on a Rs. 10 face value, subject to shareholder approval at the upcoming AGM. Both joint statutory auditors issued an unmodified opinion; M/s Kirtane Pandit & Co is being replaced by M/s J.H. Mehta & Co as joint statutory auditor for a three-year term.
Record revenue, sharp profit growth and expanding margins reflect strong pricing power and operating leverage, likely to boost investor sentiment. A 120% dividend signals healthy cash generation and shareholder returns, while the auditor rotation is routine and unlikely to materially affect the stock.