Garware Hi-Tech Films Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	20,714	21,094	16,770	14,380	13,026	9,890
Revenue	20,714	21,094	16,770	14,380	13,026	9,890
Revenue Growth (YoY)	3.16%	25.78%	16.62%	10.39%	31.71%	6.93%
Cost of Revenue	9,653	9,937	8,184	6,841	5,455	3,680
Gross Profit	11,061	11,157	8,586	7,539	7,571	6,211
Selling, General & Admin	1,943	1,791	1,429	1,225	1,244	1,083
Other Operating Expenses	5,077	4,951	4,329	3,969	3,943	2,928
Operating Expenses	7,455	7,154	6,148	5,518	5,469	4,251
Operating Income	3,606	4,003	2,438	2,021	2,101	1,960
Interest Expense	-22.2	-28.1	-80.7	-125.37	-133.81	-150.71
Interest & Investment Income	24.5	24.5	21.5	20.34	5.53	7.01
Currency Exchange Gain (Loss)	192.1	192.1	150.4	170.53	148.2	89.72
Other Non Operating Income (Expenses)	4.1	-58.2	-35.8	-43.47	-47.65	-45.19
EBT Excluding Unusual Items	3,805	4,133	2,493	2,043	2,074	1,861
Gain (Loss) on Sale of Investments	315.1	315.1	199.2	114.69	80.63	47.2
Gain (Loss) on Sale of Assets	-	-	-	36.2	148.5	-7.57
Pretax Income	4,127	4,455	2,703	2,199	2,311	1,901
Income Tax Expense	1,048	1,143	669.6	538.07	638.81	641.31
Net Income	3,078	3,312	2,033	1,661	1,672	1,260
Net Income to Common	3,078	3,312	2,033	1,661	1,672	1,260
Net Income Growth	-1.10%	62.93%	22.36%	-0.62%	32.73%	46.42%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	132.50	142.57	87.50	71.51	71.96	54.21
EPS (Diluted)	132.50	142.57	87.50	71.51	71.96	54.21
EPS Growth	-1.09%	62.93%	22.36%	-0.62%	32.73%	46.42%
Free Cash Flow	-	2,711	1,553	1,475	460.69	1,355
Free Cash Flow Per Share	-	116.70	66.84	63.49	19.83	58.31
Dividend Per Share	-	12.000	10.000	10.000	10.000	10.000
Dividend Growth	-	20.00%	-	-	-	-
Gross Margin	53.40%	52.89%	51.20%	52.43%	58.12%	62.80%
Operating Margin	17.41%	18.98%	14.54%	14.06%	16.13%	19.82%
Profit Margin	14.86%	15.70%	12.12%	11.55%	12.83%	12.73%
Free Cash Flow Margin	-	12.85%	9.26%	10.26%	3.54%	13.70%
EBITDA	3,958	4,338	2,753	2,270	2,317	2,141
EBITDA Margin	19.11%	20.57%	16.41%	15.78%	17.79%	21.65%
D&A For EBITDA	351.45	335.7	314.7	248.66	215.72	180.73
EBIT	3,606	4,003	2,438	2,021	2,101	1,960
EBIT Margin	17.41%	18.98%	14.54%	14.06%	16.13%	19.82%
Effective Tax Rate	25.41%	25.65%	24.78%	24.46%	27.65%	33.74%
Revenue as Reported	21,320	21,638	17,161	14,802	13,421	10,047
Advertising Expenses	-	9	2.2	6.18	15.82	6.68

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.