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Garware Hi-Tech Films Limited Q2 FY27 results press release summary

NSE: GRWRHITECH · BSE: 500655

Results press release of 22 Oct 2026, summarised by AI from the filing.

EBITDA margin guidance raised by 200 bps to 27% ±2% for FY27; ₹2,500+ cr revenue target reaffirmed.

Key takeaways

  1. FY27 guidance EBITDA margin guidance raised by 200 bps to 27% ±2% for FY27; ₹2,500+ cr revenue target reaffirmed.
  2. Growth driver Robust demand and improved realizations across product segments drove revenue, with operating leverage and product mix lifting margins.
  3. Middle East risk Slowdown in the Middle East amid the ongoing conflict weighed on demand.

Original filing on BSE

Garware Hi-Tech Films Limited Q2 FY27 results

As filed: Revenue ₹696 cr (+22% year on year), EBITDA ₹169 cr (+42% year on year), PAT ₹129 cr (+42% year on year), EBITDA margin 24.4% (+349 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹633 cr (+28% year on year), EBITDA ₹172 cr (+56% year on year), PAT ₹133 cr (+60% year on year), EBITDA margin 27.2% (+495 bps). Score 65 of 100, Above trend. Revenue, EBITDA and profit growth were above the company's own trend. EBITDA margin rose 495 bps year on year. Share price after the results: −4.4% in 29 days (Nifty 500: −2.0%).
  • Q4 FY26: Revenue ₹597 cr (+9% year on year), EBITDA ₹135 cr (+30% year on year), PAT ₹108 cr (+39% year on year), EBITDA margin 22.7% (+372 bps). Score 68 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 372 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Profit rose ₹30.2 cr on a year ago, more than the ₹20.0 cr it added the year before. Share price after the results: +31.6% in 30 days (Nifty 500: −1.5%).
  • Q3 FY26: Revenue ₹459 cr (−2% year on year), EBITDA ₹70.3 cr (−12% year on year), PAT ₹55.8 cr (−9% year on year), EBITDA margin 15.3% (−185 bps). Score 25 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 185 bps year on year. Revenue fell 20% from last quarter. Share price after the results: +37.9% in 30 days (Nifty 500: −1.1%).
  • Q2 FY26: Revenue ₹570 cr (−8% year on year), EBITDA ₹119 cr (−13% year on year), PAT ₹91.0 cr (−13% year on year), EBITDA margin 20.9% (−102 bps). Score 19 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 102 bps year on year. Share price after the results: +5.0% in 29 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹495 cr (+4% year on year), EBITDA ₹110 cr (−8% year on year), PAT ₹83.0 cr (−6% year on year), EBITDA margin 22.2% (−288 bps). Score 17 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 288 bps year on year. Revenue fell 10% from last quarter. Share price after the results: −11.0% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹548 cr (+23% year on year), EBITDA ₹104 cr (+33% year on year), PAT ₹78.0 cr (+34% year on year), EBITDA margin 19.0% (+153 bps). Score 60 of 100, In line with trend. Revenue, EBITDA and profit growth were below the company's own trend. EBITDA margin rose 153 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹101 cr on a year ago, more than the ₹98.0 cr it added the year before. Share price after the results: +21.3% in 30 days (Nifty 500: +2.5%).
  • Q3 FY25: Revenue ₹466 cr (+3% year on year), EBITDA ₹80.0 cr (+5% year on year), PAT ₹61.0 cr (+9% year on year), EBITDA margin 17.2% (+43 bps). Score 16 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 43 bps year on year. Revenue fell 25% from last quarter. Revenue rose ₹12.0 cr on a year ago, against ₹130 cr the year before.

Past price moves after results do not indicate future moves. Not a recommendation.

Garware Hi-Tech Films Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.