Highlights: Q1 FY23 CONSOLIDATED Revenues up by 21% at ₹ 370 crores VIS-À-VIS ₹ 306 crores in Q1 FY22 EBIDTA up by 7% at ₹ 71 crores VIS-À-VIS ₹ 66 crores in Q1 FY22 PAT up by 24% at ₹ 45 crores VIS-À-VIS ₹ 36 crores in Q1 FY22
Garware Hi-Tech Films Limited (GHFL) (formerly known as Garware Polyester Limited), the flagship company of Garware Group and a leading player in specialty Polyester Films in India and Worldwide, announced results for the first quarter ended June 30, 2022.
The management’s vision and continued focus on unique products and value-added films, along with a higher share of consumer products, have further enhanced the company’s growth trajectory, which is visible in its financial performance.
Commenting on GHFL’s journey, Shri S. B. Garware, Chairperson and Managing Director, GHFL, said, “The company’s transition towards a B2C company providing highly specialized and value-added products in the marketplace is seen in its growth trajectory and the efforts put in over last few years are clearly visible in the financial results. GHFL continues to craft a unique position for itself in the marketplace with a variety of offerings catering to individuals and industry by leveraging its technology and in-house expertise. During the current year, we are increasingly optimistic about growing our sales network of dealers, distributors, and applicators in key markets across geographies.”
“I am delighted to report that our company continues to consolidate its position during the quarter under review as we continue to accelerate our topline growth momentum. On the export front, earnings remain robust, and the outlook for the year ahead continues to remain positive,” said Ms. Monika Garware, Vice-Chairperson, and Jt. Managing Director, GHFL.
