Garware Hi-Tech Films Q3 FY26: Revenue, Profit Dip

Garware Hi-Tech Films reports Q3 FY26 numbers

Garware Hi-Tech Films Limited (NSE: GRWRHITECH; BSE: 500655) reported its earnings for the third quarter and nine months ended December 31, 2025. The update showed a year-on-year decline across sales, revenue, and net profit for both the quarter and the nine-month period. For investors tracking packaging and film manufacturers, these updates matter because they indicate near-term demand, pricing, and margin conditions reflected in reported profitability.

The company reported Q3 revenue of ₹475.21 crore, slightly lower than the year-ago level of ₹478.87 crore. Q3 net profit came in at ₹55.77 crore versus ₹60.81 crore a year earlier. Earnings per share from continuing operations also moderated versus the corresponding quarter last year.

Q3 FY26: Sales, revenue, profit lower year-on-year

For the quarter ended December 31, 2025, Garware Hi-Tech Films reported sales of ₹458.74 crore compared with ₹466.37 crore in the year-ago quarter. Revenue for the same period was ₹475.21 crore compared with ₹478.87 crore a year ago. Net income for the quarter stood at ₹55.77 crore versus ₹60.81 crore.

On per-share metrics, basic EPS from continuing operations was ₹24.01 compared with ₹26.17 in the year-ago quarter. Diluted EPS from continuing operations was also ₹24.01, matching the basic EPS figure for the quarter, and down from ₹26.17 a year ago.

Nine months ended December 2025: Revenue at ₹1,567.13 crore

For the nine months ended December 31, 2025, the company reported sales of ₹1,523.42 crore compared with ₹1,561.42 crore a year ago. Revenue for the nine-month period was ₹1,567.13 crore compared with ₹1,598.90 crore in the prior-year period.

Net income for the nine months stood at ₹230.02 crore versus ₹253.42 crore a year ago. Basic EPS from continuing operations was ₹99.01 compared with ₹109.08 in the prior-year period, while diluted EPS from continuing operations was ₹99.01 compared with ₹109.08.

Quarterly results page highlights: sequential declines versus Sep 2025

Separate quarterly highlights published alongside the results indicated a sequential decline from the September 2025 quarter to the December 2025 quarter on revenue, EBITDA, and net profit. The figures cited were revenue of ₹475.21 crore for Dec 2025 versus ₹583.55 crore for Sep 2025, a decline of 18.57% quarter-on-quarter.

EBITDA was reported at ₹86.73 crore for Dec 2025 compared with ₹133.30 crore for Sep 2025, a quarter-on-quarter decline of 34.94%. Net profit was reported at ₹55.77 crore for Dec 2025 versus ₹91.23 crore for Sep 2025, a decline of 38.87%.

Q1 FY26 snapshot also referenced in the same data set

The same compilation of results data also referenced Q1 FY26 metrics. Revenue from operations for Q1 FY26 was stated at ₹495.0 crore, with EBITDA at ₹123.0 crore and an EBITDA margin of 24.8%. Profit after tax (PAT) was stated at ₹83.0 crore, with a PAT margin of 16.8%.

Another set of operational and profitability lines in the same material noted revenue at ₹494.99 crore, operating profit at ₹15.43 crore, PBDT at ₹37.88 crore, profit before tax at ₹110.33 crore, and net profit at ₹83.02 crore, alongside quarter-on-quarter and year-on-year percentage changes. These figures were presented as part of the broader quarterly result information provided in the source text.

Key financials table: Q3 FY26 and nine-month performance

Table: Dec 2025 versus Sep 2025 (as reported)

Additional context from older quarterly disclosures in the source text

The wider dataset included historical quarterly line items for earlier periods, including Dec 2024 net sales/income of ₹441.83 crore and net profit of ₹65.53 crore, along with an EPS figure of ₹28.21. It also referenced the company’s consolidated and standalone numbers for Dec 2024, including consolidated net sales of ₹466.37 crore and standalone net sales of ₹441.83 crore.

The same text also cited an earlier market data point: Garware Hi-Tech shares closed at 3,912.05 on February 06, 2025 (NSE), with returns of 62.13% over the prior six months and 146.23% over the prior 12 months, as presented in that historical snapshot.

What investors will likely track next

With both year-on-year and quarter-on-quarter declines indicated in the reported Q3 FY26 metrics, investors typically focus on subsequent management commentary, segment-wise demand, and margin drivers disclosed in future filings. The next set of quarterly results and any updated operational metrics will be key checkpoints, especially because the provided dataset also references differing quarter snapshots and presentation formats.

For now, the headline numbers for the quarter and nine-month period ended December 31, 2025 show lower revenue and net profit compared with the prior year, with EPS also declining over the comparable periods.