Mid Cap Engineering Stock To Go Ex-Dividend On Nov 20, Shares Fall 4.86% In 1-Week

Mid cap engineering sector company GMM Pfaudler shares today declined 1.91% to 1679.05 per share. The company announced an interim dividend of Re 1/share and fixed record date as November 20, 2023. GMM Pfaudler shares offered return of 48% in last 3-years and rallied 16% in last 6-months. Check details below:

GMM Pfaudler Ltd To Go Ex-Dividend On Nov 20: According to the BSE filing of the company issued on November 9, 2023, "Approved payment of interim dividend for financial year 2023-24 at INR 1/- per share on 4,49,57,224 Equity Shares having face value of INR 2/- each, aggregating to INR 4,49,57,224. The record date for payment of interim dividend is fixed as November 20, 2023, which will be paid on or before December 7, 2023."

GMM Pfaudler Ltd Stock Performance & Return: Current market price of GMM Pfaudler Ltd share on BSE is Rs 1679.00 per share with intraday fall of 1.91%. Its 52-week high price is Rs 1999.00 per share and 52-week low price is Rs 1350.00 per share, respectively. The company has a market capitalisation of Rs 7548.32 crore. GMM Pfaudler Ltd shares fell 4.98%, declined 7% in last 1-month, soared 16% in last 6-months, fell 8.61% in last 1-year, and gave return of 358% in last 5-years. In last 10-years, GMM Pfaudler Ltd stock surged 7316%.

GMM Quarterly Results: The company registered a revenue growth of 20% Y-o-Y on the back of strong execution. The company announced its revenue at 937 crore for Q2 FY24. EBITDA for Q2 FY24 came at 142 crore and PAT was declared at Rs 70 crore.

Commenting on the Company's Q2 FY24 results, Mr. Tarak Patel, Managing Director said, "We are happy to report a strong performance this quarter with both revenue and profitability in line with our FY25 guidance. Order intake remains subdued due to a general weakness in the chemical sector; however, our strategy of diversification and entering new industry segments has led to a strong opportunity pipeline across geographies."

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,

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