Integrated Filing — IndAS

General information about company
Scrip Code	500655
NSE Symbol	GRWRHITECH
MSEI Symbol	NOTLISTED
ISIN	INE291A01017
Name of company	GARWARE HI-TECH FILMS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	POLYESTER FILM
Start date and time of board meeting	14-May-2025   12:30:00
End date and time of board meeting	14-May-2025   13:18:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-07
Indicate Company website link for updated RPT policy of the Company	https://www.garwarehitechfilms.com/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	5156700000	19954500000
	Other income	154200000	761900000
	Total income	5310900000	20716400000
2	Expenses
(a)	Cost of materials consumed	2404600000	9347800000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	80400000	-37000000
(d)	Employee benefit expense	397500000	1494300000
(e)	Finance costs	16000000	64700000
(f)	Depreciation, depletion and amortisation expense	101200000	403400000
(f)	Other Expenses
1	Power and Fuel	325500000	1349400000
2	Other Expenses	954700000	3618700000
	Total other expenses	1280200000	4968100000
	Total expenses	4279900000	16241300000
3	Total profit before exceptional items and tax	1031000000	4475100000
4	Exceptional items	0	0
5	Total profit before tax	1031000000	4475100000
6	Tax expense
7	Current tax	236400000	1003100000
8	Deferred tax	58300000	82800000
9	Total tax expenses	294700000	1085900000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	736300000	3389200000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	736300000	3389200000
17	Other comprehensive income net of taxes	-109000000	167400000
18	Total Comprehensive Income for the period	627300000	3556600000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	232300000	232300000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		22878000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	31.69	145.88
	Diluted earnings (loss) per share from continuing operations	31.69	145.88
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	31.69	145.88
	Diluted earnings (loss) per share from continuing and discontinued operations	31.69	145.88
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes n n1. The above standalone financial results have been prepared in accordance with Indian Accounting Standard Ind As under section 133 of the Companies Act 2013 read with relevant Regulation 33 of the SEBI LODR Regulations 2015 reviewed by the Audit Committee and approved and taken on record by the Board of Directors of the Company at their respective meetings held on 14th May 2025. n n2. The Company operates in one segment only ie Polyester Films and therefore has only one reportable segment in accordance with IND AS 108 operating segments. n n3. The Board of Directors have recommended a final dividend of Rs. 12 per equity share of Rs. 10 each for the financial year 2024 25 subject to approval of Members in the ensuing Annual General Meeting of the company. n n4. The figures of the quarter ended March 31 2025 and March 31 2024 are balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of nine months for period ended December 31 2024 and December 31 2023 respectively. n n5. Previous period figures have been regrouped and reclassified to make them comparable with the figures of the current period.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	14371000000
	Capital work-in-progress	383300000
	Investment property	0
	Goodwill	0
	Other intangible assets	6300000
	Intangible assets under development	8700000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	1147800000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	41900000
	Total non-current financial assets	1189700000
	Deferred tax assets (net)	0
	Other non-current assets	257300000
	Total non-current assets	16216300000
2	Current assets
	Inventories	2566100000
	Current financial asset
	Current investments	5297500000
	Trade receivables, current	1421100000
	Cash and cash equivalents	193600000
	Bank balance other than cash and cash equivalents	99800000
	Loans, current	4700000
	Other current financial assets	22600000
	Total current financial assets	7039300000
	Current tax assets (net)	23900000
	Other current assets	314400000
	Total current assets	9943700000
3	Non-current assets classified as held for sale	41600000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	26201600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	232300000
	Other equity	22878000000
	Total equity attributable to owners of parent	23110300000
	Non controlling interest
	Total equity	23110300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	69600000
	Total non-current financial liabilities	69600000
	Provisions, non-current	63500000
	Deferred tax liabilities (net)	579600000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	712700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	201900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1257400000
	Total Trade payable	1459300000
	Other current financial liabilities	423400000
	Total current financial liabilities	1882700000
	Other current liabilities	405100000
	Provisions, current	90800000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	2378600000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	3091300000
	Total equity and liabilites	26201600000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	REMEASUREMENT OF EMPLOYMENT BENEFIT OBLIGATION	-13700000	-52200000
2	GAIN ON FAIR VALUATION OF INVESTMENTS	-115200000	261100000
	Total Amount of items that will not be reclassified to profit and loss	-128900000	208900000
2	Income tax relating to items that will not be reclassified to profit or loss	-19900000	41500000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-109000000	167400000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			4475100000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			64700000
	Adjustments for decrease (increase) in inventories			-153700000
	Adjustments for decrease (increase) in trade receivables, current			-216000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			66100000
	Adjustments for decrease (increase) in other non-current assets			-219300000
	Adjustments for other financial assets, non-current			-2200000
	Adjustments for other financial assets, current			-5900000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-132300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			174900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			403400000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-37600000
	Adjustments for provisions, non-current			9700000
	Adjustments for other financial liabilities, current			208600000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			13300000
	Adjustments for dividend income			232800000
	Adjustments for interest income			6000000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-331200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			1100000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-395200000
	Net cash flows from (used in) operations			4079900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1015500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3064400000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			-2227500000
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			44000000
	Purchase of property, plant and equipment			585500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			232800000
	Interest received			6000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-2530200000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			154300000
	Dividends paid			232300000
	Interest paid			64700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-39100000
	Net cash flows from (used in) financing activities			-490400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			43800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			43800000
	Cash and cash equivalents cash flow statement at beginning of period			149800000
	Cash and cash equivalents cash flow statement at end of period			193600000