Garware Hi-Tech Films publishes Q1FY27 results in newspapers

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Reviewed by
Riya DScanX News Team
Key Highlights

Garware Hi-Tech Films Limited published its Q1FY27 unaudited standalone and consolidated financial results in three newspapers on August 7, 2026. The publication was made pursuant to SEBI LODR Regulations 30 and 47. The results, approved by the Board on August 6, 2026, show a consolidated net profit of ₹132.65 crore.

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Garware Hi-Tech Films published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY27) in three newspapers on August 7, 2026. The publication appeared in The Economic Times (English), Maharashtra Times (Marathi), and Sanjay Warta (Marathi), fulfilling the disclosure requirements under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The financial results were previously submitted to the BSE and NSE on August 6, 2026. The Board of Directors approved the results at their meeting held on August 6, 2026, after review by the Audit Committee. The company operates in a single reportable segment, Polyester Films, in accordance with IND AS 108 "operating segments".

Publication Details

The newspaper clippings containing the financial extract are available on the company’s website at https://www.garwarehitechfilms.com . Awaneesh Srivastava, Company Secretary (FCS 8513), signed the compliance letter addressed to the Compliance Manager at BSE Limited and the Manager, Listing Department at NSE Limited.

Newspaper Language Publication Date
The Economic Times English August 7, 2026
Maharashtra Times Marathi August 7, 2026
Sanjay Warta Marathi August 7, 2026

Financial Results Overview

The published results confirm a consolidated net profit of ₹132.65 crore for Q1FY27, up from ₹83.02 crore in Q1FY26. Total income from operations stood at ₹652.80 crore for the consolidated entity. Standalone net profit was ₹126.58 crore against ₹74.59 crore in the same period last year. Earnings per share (basic) were ₹57.10 for consolidated operations and ₹54.49 for standalone operations.

Monika Garware, Vice-Chairperson and Joint Managing Director, certified the results. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published unaudited year-to-date figures up to December 31, 2025.

Historical Stock Returns for Garware Hi-Tech Films

1 Day5 Days1 Month6 Months1 Year5 Years
+0.20%-1.47%+2.90%+69.98%+143.86%+739.29%

What specific operational efficiencies or market demand drivers contributed to the 60% year-on-year surge in consolidated net profit for Q1FY27?

How does Garware Hi-Tech Films plan to allocate its increased earnings towards capacity expansion or R&D in high-performance polyester films?

Will the strong Q1 performance trigger a revision in analyst consensus estimates for full-year FY27 revenue and profit targets?

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Garware Hi-Tech Films appoints Prashant L. Pai as interim CFO

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Garware Hi-Tech Films Limited appointed Prashant L. Pai as Interim CFO effective August 6, 2026. The Board approved the move after Nomination and Remuneration Committee recommendations. Pai, with three decades of finance experience, will serve until a permanent CFO is hired.

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Garware Hi-Tech Films Limited has appointed Prashant L. Pai as its Interim Chief Financial Officer, effective August 6, 2026. The Board of Directors approved the appointment during a meeting held on that date, acting on the recommendation of the Nomination and Remuneration Committee. This move ensures continuity in financial leadership while the company searches for a permanent successor for the Key Managerial Personnel role.

The appointment was disclosed to the Bombay Stock Exchange and the National Stock Exchange of India Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and Para A of Part A Schedule III of the SEBI Listing Regulations. Awaneesh Srivastava, Company Secretary, signed the disclosure.

Profile and Responsibilities

Prashant L. Pai brings three decades of experience in accounting and finance to the role. He holds a Master’s degree and has been associated with Garware Hi-Tech Films Limited and its group companies since the beginning of his career. His responsibilities include finalizing accounts, ensuring statutory compliance, coordinating audits, managing cash flows, budgeting, and adhering to applicable laws and regulations. He possesses expertise in both legacy accounting systems and SAP ERP implementation.

Key Appointment Details

Detail Information
Name Prashant L. Pai
Role Interim Chief Financial Officer
Effective Date August 6, 2026
Tenure Until permanent CFO is appointed
Approval Body Board of Directors

The interim arrangement will remain in place until the Board appoints a new Chief Financial Officer. No relationships requiring disclosure were noted between the appointee and existing directors. The company’s corporate office remains located at Garware House, Vile Parle (East), Mumbai, with its registered office in Naigaon, Aurangabad.

Historical Stock Returns for Garware Hi-Tech Films

1 Day5 Days1 Month6 Months1 Year5 Years
+0.20%-1.47%+2.90%+69.98%+143.86%+739.29%

What strategic financial priorities or restructuring initiatives might drive the search for a permanent CFO beyond maintaining operational continuity?

How could the transition to a permanent CFO impact Garware Hi-Tech Films' upcoming quarterly earnings guidance and investor confidence?

Will the appointment of an interim CFO with deep internal legacy experience influence the company's timeline for completing its SAP ERP implementation?

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1 Year Returns:+143.86%