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GMM Pfaudler Ltd. — Earnings Release 2020
Nov 7, 2019
61612_rns_2019-11-07_24dd6cf8-c160-49ed-9a61-56ef210ba956.pdf
Earnings Release
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www.gmmpfaudler.com | BSE: 505255 | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q2 FY20
Mumbai, November 7[th] , 2019: GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry segments today announced its second quarter (Q2FY20) and Half Year (H1FY20) results for the period ended September 30[th] , 2019
Financial Performance
Standalone Q2FY20 review (Y/Y %)
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Operating revenue increased to Rs.1,361mn, up 37% versus Rs.992mn during Q2 of last year.
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EBITDA improved significantly to Rs.267mn, up 66% versus Rs.161mn during Q2 of last year.
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EBITDA Margin improved to 20% versus 16% in Q2 of last year, up 339 bps.
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Net profit increased substantially to Rs.180mn, up 84% versus Rs.98mn during Q2 of last year.
Standalone H1FY20 review (Y/Y %)
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Operating revenue increased to Rs.2,664mn, up 38% versus Rs.1,924mn during H1 of last year.
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EBITDA improved to Rs.506mn, up 61% versus Rs.314mn during H1 of last year.
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EBITDA Margin improved to 19% versus 16% in H1 of last year, up 271 bps.
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Net profit increased to Rs.327mn, up 73% versus Rs.189mn during H1 of last year.
Consolidated Q2FY20 review (Y/Y %)
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Operating revenue increased to Rs.1,531mn, up 28% versus Rs.1,198mn during Q2 of last year.
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▪ EBITDA improved significantly to Rs.306mn, up 54% versus Rs.199mn during Q2 of last year.
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EBITDA Margin improved to 20% versus 17% in Q2 of last year, up 340 bps.
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Net profit increased substantially to Rs.208mn, up 51% versus Rs.138mn during Q2 of last year.
Consolidated H1FY20 review (Y/Y %)
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Operating revenue increased to Rs.3,033mn, up 31% versus Rs.2,321mn during H1 of last year.
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EBITDA improved to Rs.582mn, up 60% versus Rs.364mn during H1 of last year.
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EBITDA Margin improved to 19% versus 16% in H1 of last year, up 350 bps.
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Net profit increased to Rs.385mn, up 53% versus Rs.252mn during H1 of last year.
Management Comment
Commenting on the Company’s performance for Q2FY20, Mr. Tarak Patel, Managing Director said “We continue to build on the momentum of the first quarter with a strong second quarter with consolidated revenue growth of 28% and EBITDA growth of 54% over the same period in the previous year. Our order book continues to remain strong across all our business lines backed by buoyant demand from the Chemical and Pharmaceutical sectors."
He further added "We remain confident about the long-term prospects of the Company and continue to look at ways of increasing revenue and profitability."
About GMM Pfaudler
GMM Pfaudler (GMMP) is a leading supplier of process equipment to the pharmaceutical and chemical industries. GMMP is the market leader and has more than five decades’ experience in manufacturing Glass lined Equipment. Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipment and is today a one stop shop for the chemical process industry. The Company has long standing track record of consistent dividends. For Details please contact www.gmmpfaudler.com
www.gmmpfaudler.com | BSE: 505255 | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q2 FY20
For details please contact:
Ms. Mittal Mehta
Company Secretary P: +91 22 66503900 E: [email protected]
Diwakar Pingle Christensen IR P: +91 22 4215 0210 E: [email protected]
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forwardlooking statements. GMMP Pfaudler Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.