Garware Hi-Tech Films Limited consolidates position in Q3 with stable performance despite Omicron and logistic dislocations

Mumbai, February 11, 2022: Garware Hi-Tech Films Limited (GHFL) (formerly known as Garware Polyester Limited), the flagship company of Garware Group and a leading player in specialty Polyester Films in India and Worldwide announced its un-audited financial results for the quarter and nine months ended on December 31, 2021.

Consolidated Financial Summary: 

Commenting on GHFL’s journey, Shri S. B. Garware, Chairperson and Managing Director, GHFL said, “Garware Hi-Tech has worked hard over the years to create a unique position for itself in the marketplace with a variety of offerings catering to individuals and industry. Leveraging on our technology and expertise we are increasingly optimistic in transitioning towards a B2C company providing highly specialized and value-added products in marketplace. Our focus in the current year remains on growing the sales network of dealers, distributors, and applicators in key markets of USA and Europe with hi-tech products for consumers.”

“GHFL has consolidated its position during the period under review. The third quarter’s performance is in line with our projections despite certain disruptions due to Omicron” said Ms. Monika Garware, Vice-Chairperson and Jt. Managing Director, GHFL. “GHFL continues to maintain its growth momentum. Exports continue to witness strong growth. The outlook for the rest of the year continues to remains promising. We are hopeful of surpassing our previous best performance in the remaining part of the financial year.”