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Garware Hi Tech Films held a conference call on 15 November 2024 to discuss the results for the quarter ended September 2024 and way forward. Mr. Mohan S. Adsul, Director-Technical, Mr Deepak Joshi, Director of Sales and Marketing, Mr A. Venkataraman, Senior President, Corporate Affairs and Finance, and Mr Abhishek Agarwal, Chief Financial Officer of the company addressed the call.
Highlights of the Concall
- Revenue from Operations stood at Rs 620.6 crore, up 56.3% YoY and 30.8% QoQ. Growth primarily fuelled by robust sales momentum in SCF (solar control films) and PPF (paint control films), apart from product expansion across all segments
- EBITDA stood at Rs 150.5 crore, up by 103.3% YoY and 15.8% QoQ. EBITDA margin improved significantly to 24.2% compared to 18.6% in Q2 FY24 primarily due to increased sale of value-added products across all segments and newer markets.
- PPF and SCF business maintained its growth trajectory during the ...
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