Garware Hi Tech Films Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Garware Hi Tech Films Ltd reported a 24.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.4%.
- Its expenses for the quarter were down by 19.8% QoQ and up 2.0% YoY.
- The net profit decreased 41.7% QoQ and increased 8.8% YoY.
- The earnings per share (EPS) of Garware Hi Tech Films Ltd stood at 26.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 478.87 | 634.23 | 463.11 | -24.5% | 3.4% |
Total Expenses | 397.86 | 496.11 | 390.15 | -19.8% | 2.0% |
Profit Before Tax | 81.01 | 138.12 | 72.96 | -41.3% | 11.0% |
Tax | 20.20 | 33.86 | 17.08 | -40.3% | 18.3% |
Profit After Tax | 60.81 | 104.26 | 55.88 | -41.7% | 8.8% |
Earnings Per Share | 26.20 | 44.90 | 24.10 | -41.6% | 8.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Garware Hi Tech Films Ltd is a prominent player in the film manufacturing industry, known for its innovative solutions in the production of polyester films. These films are used in various applications such as packaging, thermal lamination, and electrical insulation, among others. The company has made a name for itself in both domestic and international markets due to its focus on quality and technological advancement. Recent developments, if any, are not specifically available; however, the company's consistent efforts towards expanding its product portfolio and market reach have been a part of its strategic initiatives in the past.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Garware Hi Tech Films Ltd reported a total income of ₹478.87 crores. This represents a decrease of 24.5% compared to the second quarter of fiscal year 2025 (Q2FY25), where the total income stood at ₹634.23 crores. However, when compared to the third quarter of fiscal year 2024 (Q3FY24), there was a marginal year-over-year increase of 3.4% from ₹463.11 crores. The revenue figures reflect changes in the business environment and market conditions that affected the company’s income generation capabilities over the period analyzed.
Profitability
The company's profitability metrics show that the profit before tax (PBT) for Q3FY25 was ₹81.01 crores, declining by 41.3% from Q2FY25, which recorded a PBT of ₹138.12 crores. On a year-over-year basis, the PBT increased by 11.0% from ₹72.96 crores in Q3FY24. The profit after tax (PAT) followed a similar trend, with Q3FY25 reporting ₹60.81 crores, which is a 41.7% decrease from Q2FY25's ₹104.26 crores, but an increase of 8.8% from ₹55.88 crores in Q3FY24. These figures indicate fluctuations in profitability over the analyzed quarters.
Operating Metrics
During Q3FY25, Garware Hi Tech Films Ltd's total expenses were ₹397.86 crores, which decreased by 19.8% compared to Q2FY25's expenses of ₹496.11 crores. Year-over-year, total expenses increased slightly by 2.0% from Q3FY24's ₹390.15 crores. The earnings per share (EPS) for Q3FY25 were ₹26.20, down from ₹44.90 in Q2FY25, translating to a quarter-over-quarter decline of 41.6%. Compared to the same quarter in the previous fiscal year, the EPS increased by 8.7% from ₹24.10. This data provides insights into the company's cost structure and its impact on shareholder's earnings during the period.
