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	Consolidated
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	POLYSTER 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

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	Consolidated	Consolidated
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	5479400000	21093600000
	Other income	169200000	544000000
	Total income	5648600000	21637600000
2	Expenses
(a)	Cost of materials consumed	2528000000	9816600000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	98300000	-79400000
(d)	Employee benefit expense	492700000	1781700000
(e)	Finance costs	21800000	87800000
(f)	Depreciation, depletion and amortisation expense	103600000	412300000
(f)	Other Expenses
1	Power and Fuel	325700000	1349900000
2	Other Expenses	990200000	3813900000
	Total other expenses	1315900000	5163800000
	Total expenses	4560300000	17182800000
3	Total profit before exceptional items and tax	1088300000	4454800000
4	Exceptional items	0	0
5	Total profit before tax	1088300000	4454800000
6	Tax expense
7	Current tax	257300000	1096400000
8	Deferred tax	53000000	46200000
9	Total tax expenses	310300000	1142600000
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	778000000	3312200000
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	778000000	3312200000
17	Other comprehensive income net of taxes	-99900000	190000000
18	Total Comprehensive Income for the period	678100000	3502200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	778000000	3312200000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	678100000	3502200000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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		23485600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	33.49	142.57
	Diluted earnings (loss) per share from continuing operations	33.49	142.57
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	33.49	142.57
	Diluted earnings (loss) per share from continuing and discontinued operations	33.49	142.57
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 consolidated 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 i.e. 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 above consolidated results comprise the results of Garware Hi-Tech Films Limited parent Garware HiTech Films International Limited 100 subsidiary and Global Hi-Tech Films Inc 100 step down subsidiary. n n5 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 n6 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	14415200000
	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	1134400000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	41900000
	Total non-current financial assets	1176300000
	Deferred tax assets (net)	0
	Other non-current assets	257300000
	Total non-current assets	16247100000
2	Current assets
	Inventories	3093600000
	Current financial asset
	Current investments	5297500000
	Trade receivables, current	420000000
	Cash and cash equivalents	1105000000
	Bank balance other than cash and cash equivalents	99800000
	Loans, current	4700000
	Other current financial assets	22600000
	Total current financial assets	6949600000
	Current tax assets (net)	23900000
	Other current assets	464100000
	Total current assets	10531200000
3	Non-current assets classified as held for sale	41600000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	26819900000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	232300000
	Other equity	23485600000
	Total equity attributable to owners of parent	23717900000
	Non controlling interest	0
	Total equity	23717900000
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	101100000
	Total non-current financial liabilities	101100000
	Provisions, non-current	63500000
	Deferred tax liabilities (net)	466500000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	631100000
	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	1275300000
	Total Trade payable	1477200000
	Other current financial liabilities	449300000
	Total current financial liabilities	1926500000
	Other current liabilities	437700000
	Provisions, current	90800000
	Current tax liabilities (Net)	15900000
	Deferred government grants, Current	0
	Total current liabilities	2470900000
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	3102000000
	Total equity and liabilites	26819900000
	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		Consolidated	Consolidated
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	Consolidated	Consolidated
	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
1	Exchange Differences in Translating the Financial Statements of Foreign Operations	9100000	22600000
	Total Amount of items that will be reclassified to profit and loss	9100000	22600000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-99900000	190000000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			4454800000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			87800000
	Adjustments for decrease (increase) in inventories			-196100000
	Adjustments for decrease (increase) in trade receivables, current			-59300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			10100000
	Adjustments for decrease (increase) in other non-current assets			-219400000
	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			-115300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			158800000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			412300000
	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			216000000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			23200000
	Adjustments for dividend income			800000
	Adjustments for interest income			23700000
	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			23700000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-49900000
	Net cash flows from (used in) operations			4404900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1107700000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3297200000
	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			586000000
	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			800000
	Interest received			23700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-2745000000
	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			161300000
	Dividends paid			232300000
	Interest paid			87800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-39100000
	Net cash flows from (used in) financing activities			-520500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			31700000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-9800000
	Net increase (decrease) in cash and cash equivalents			21900000
	Cash and cash equivalents cash flow statement at beginning of period			1083100000
	Cash and cash equivalents cash flow statement at end of period			1105000000