Garware Hi-Tech Films Q1 FY27: Profit up 62% YoY

Key takeaway from the June quarter

Garware Hi-Tech Films reported a strong year-on-year improvement in profitability for the quarter ended June, supported by higher revenue and better operating leverage. Consolidated net profit rose 62.2% year-on-year to Rs 133 crore, compared with Rs 82 crore in the year-ago period. Revenue from operations increased 27.9% to Rs 633 crore from Rs 495 crore a year earlier, with the company citing healthy demand across business segments. EBITDA also expanded sharply, rising 57.3% year-on-year to Rs 173 crore versus Rs 110 crore in the corresponding quarter last year. The operating performance translated into a notable improvement in margin, with EBITDA margin at 27.3% versus 22.2% a year ago.

Q1 FY27 numbers in context

The latest quarter’s growth shows both volume and profitability moving in the same direction. Revenue growth of 27.9% outpaced the previous year’s base, while EBITDA grew faster than revenue, indicating operating leverage. A 57.3% jump in EBITDA alongside margin expansion to 27.3% suggests cost absorption improved as the revenue base expanded. The 62.2% rise in net profit also implies that the operating gains flowed through to the bottom line. The data provided frames the quarter as reflecting healthy demand across segments, without specifying segment-wise splits.

Profitability improved with higher margins

The improvement in EBITDA margin from 22.2% to 27.3% is a key feature of the quarter. In the provided figures, EBITDA rose to Rs 173 crore from Rs 110 crore, while revenue increased to Rs 633 crore from Rs 495 crore. The company’s profitability strengthening was attributed to better operating leverage despite a higher revenue base. This combination typically matters to investors because it can indicate improved efficiency in converting sales into operating earnings. The article data does not provide details on raw material trends, pricing actions, or product mix changes behind the margin gain.

Board meeting and results date

The results date is listed as August 06, 2026. The board meeting is scheduled for August 06, 2026, to consider unaudited standalone and consolidated financial results for Q1 FY27, along with the limited review report and AGM matters. This is a standard compliance step for listed companies, where boards approve quarterly financials before release.

Comparison with the previous quarter (as provided)

Quick details in the data set also mention the previous quarter’s revenue and profit after tax. Previous quarter revenue is stated at Rs 597 crore, and previous quarter PAT at Rs 108 crore. Previous quarter EBITDA margin is listed at 26.2%. These figures offer a near-term reference point against the June quarter’s year-on-year jump, although the provided headline comparison is primarily year-on-year.

Consolidated Q1 FY27 snapshot (YoY)

Quarterly trend table shared in the data

The article data also includes a quarterly table (all figures in Rs crore) covering Mar 2025 to Mar 2026. It shows net sales moving between Rs 451.03 crore and Rs 532.07 crore during the period shown, while profit after tax ranges from Rs 53.48 crore to Rs 106.52 crore.

FY26 performance and FY27 guidance cited

Separately, the provided earnings-call excerpts and summary note that Garware Hi-Tech Films delivered its highest-ever FY26 consolidated revenue of Rs 2,120 crore and PAT of Rs 338 crore. FY26 EBITDA is listed at Rs 500 crore. Management guidance cited in the text points to a minimum revenue of Rs 2,500 crore for FY27. The margin guidance is described as EBITDA margin of 25% plus or minus 2%. The notes also state there is no mention of current or future fundraising plans through debt or equity in the provided transcript, and that the company has a strong orderbook with runability at 85% to 89%.

Stock price references and estimates included

Multiple price points are cited across the provided data. Quick details list CMP at Rs 7,151.5, another section lists Garware Hi-Tech Films CMP at Rs 6,936, and a separate Q&A line states the current share price is Rs 7,003. The same dataset also includes a preview-style estimate range: Q1 FY27E revenue Rs 517-595 crore and PAT estimate Rs 102-129 crore, along with a 12-month target range of Rs 7,239-8,141 (noted as a Uniresearch estimate). These estimates are presented as third-party or framework-driven ranges within the text provided.

Market impact and why this quarter matters

From a market lens, the June quarter stands out because growth was accompanied by margin expansion. Revenue increased to Rs 633 crore and EBITDA margin improved to 27.3%, indicating stronger operating leverage versus the year-ago quarter. The jump in PAT to Rs 133 crore also strengthens the headline earnings narrative versus the prior year. At the same time, the broader context in the supplied material includes FY27 revenue guidance of Rs 2,500 crore and margin guidance of 25% plus or minus 2%, which investors often track against quarterly execution. The next key checkpoint is the August 06, 2026 board meeting for approval of unaudited results and related disclosures.