Q2FY22 Quarterly Result Announced for Garware Hi-Tech Films Ltd.
Highlights: Highest revenue ever in a half year period driven by strong revenue growth across segments Sustained margins and strong cash flow defined by disciplined value growth, increased B2C sales Strategic scalable initiatives, capacity enhancement, upgradation of existing capacities leading to company generating momentum in marketplace Aggressive investments in innovation, product pipeline, capability building and brand penetration yielding results. Supporting and growing end-user partnerships Technology capability developed for end-user integration of software for product application and innovative new-age technology solutions for specific needs. “GHFL’s strong performance in the first half is driven by all operational and financial metrics,” said Ms. Monika Garware, Vice-Chairperson and Jt. Managing Director, GHFL. “Our constant focus and efforts on high performance and value-added products in key global markets have yielded excellent results. Our revenue share from exports has witnessed a growth of 31% in Q2 on a YoY basis. Our increased focus towards niche high margin specialty products is reflected in our financial performance. The outlook for the rest of the year continues to remain promising. The global demand scenario in auto, construction, packaging and other sectors remains buoyant and we are hopeful of maintaining the momentum in the remaining half of the financial year.” Result PDF11-11-2021