GMM Pfaudler Ltd Q3: Revenue Rallies 8% YoY To Rs 856 Cr, EPS Up 70% YoY

Mid cap company GMM Pfaudler shares today witnessed a rally of 0.49% intraday after the company reported a surge of 8.04% year-on-year (YoY) in its revenue to Rs 856 crore for the quarter ended December 31, 2023 as compared to Rs 792.31 crore reported in the corresponding quarter of last year.

Last trading price of GMM Pfaudler share on BSE is Rs 1558.65 apiece. GMM Pfaudler has a market capitalisation of Rs 7.007.26 crore. GMM Pfaudler shares gained 1.42% in last 1-week and soared 8% in last 6-months. In last 1-year, GMM Pfaudler stock declined 3.23%.

GMM Pfaudler reported its consolidated profit after tax (PAT) at Rs 30.76 crore, up 64.76% year-on-year (YoY) for the quarter ended December 31, 2023 as compared to Rs 18.67 crore declared in the similar quarter of last year. PAT margin came at 3.6%. GMM Pfaudler reported its EBITDA at Rs 114 crore for Q3 FY24 and EBITDA margin came at 13.3%. GMM Pfaudler witnessed a surge of 70% YoY in its EPS growth to Rs 7.1. Order intake reported at 756 crore, up 21% quarter-on-quarter (QoQ).

9M FY24 revenue and EBITDA increased 17% and 16%, respectively, as per the BSE filing of the company. Patel family purchased 1% stake from DBAG Fund VI at Rs 1700 per share.

Commenting on the Company's Q3 FY24 results, Mr. Tarak Patel, Managing Director said, "We are happy to report a strong performance this quarter. The business environment continues to remain challenging, driven primarily by a weakness in the chemical sector. Our product diversification strategy and subsequent entry into adjacent industries have resulted in improved order intake this quarter. With the current opportunity pipeline and the expected closing of several large deals in the coming months, we expect the order intake trend to continue to improve."

He added, "We continue to focus on reducing costs and improving efficiencies."

About: GMM Pfaudler Limited delivers corrosion-resistant technologies, systems, and services worldwide and remains the preferred choice by consistently providing its customers in the chemical and pharmaceutical industries with innovative and cost-effective solutions. GMM Pfaudler has 18 manufacturing locations with an extensive sales and service network and employs more than 1800 people across 4 continents. As part of our global ambitions,