GHFL, a leading manufacturer of specialty polyester films, reported strong financial performance in both the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue: ₹446.6 crore, up 28% YoY (Year-over-Year)
EBITDA: ₹89.7 crore, up 27.5% YoY
PAT: ₹57.8 crore, up 34.2% YoY
FY24 Financial Highlights:
Revenue: ₹1,677 crore, up 16.6% YoY
EBITDA: ₹321.1 crore, up 19.2% YoY
PAT: ₹203.3 crore, up 22.4% YoY
Key Growth Drivers:
Strong Performance Across Segments: The company witnessed growth in all its segments, including Sun Control Films (SCF), Paint Protection Films (PPF), and other industrial products (IPD).
Increased Demand: Robust demand for PPF and SCF films, both domestically and internationally, fueled the revenue growth.
Sales and Marketing Efforts: Focused sales and marketing initiatives led to a substantial increase in the PPF business.
Capacity Expansion: GHFL is undertaking a ₹125 crore capital expenditure to establish a new PPF line with a capacity of 300 LSF/pa to meet future demand.
Dividend Announcement: The board has recommended a final dividend of ₹10 per equity share.
Management Commentary:
The management expressed satisfaction with the company's performance and highlighted the strong growth momentum in the PPF and SCF businesses. They expect the growth trajectory to continue, driven by increasing demand in both domestic and international markets.
Future Outlook:
With the introduction of a full range of products and ongoing capacity expansion, GHFL is well-positioned to maintain its growth momentum in the specialty polyester films market.
For more detailed analysis and information, you can refer to the following resources:
Garware Hi-Tech Films Investor Relations: https://www.garwarehitechfilms.com/investor/quarter-results/
GHFL Press Release on Q4 FY2024: https://www.garwarehitechfilms.com/wp-content/uploads/2024/05/GHFL-Press-Release-on-Q4-FY-2024-dated-29.05.2024.pdf
5paisa Share Price: https://www.5paisa.com/stocks/grwrhitech-share-price
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