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GMM Pfaudler Ltd. — Earnings Release 2021
Jan 20, 2021
61612_rns_2021-01-20_d29632c5-2e4d-4d87-bc3d-826d202f4ef0.pdf
Earnings Release
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BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q3 FY21
Mumbai, January 20[th] 2021: GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry segments today announced its third quarter (Q3FY21) results for the period ended December 30[th] , 2020
Key Highlights
Operating revenue increased to Rs 1,657 mn, a jump of 21% YoY over Q3 FY20
EBITDA increased to Rs. 403 mn, up 41% YoY versus Rs. 287 mn during Q3 FY20
PAT stood at Rs. 222 mn, up 14% YoY versus Rs 194 mn during Q3 FY20
Financial Performance - Standalone
| (in Rs Million) | Q3FY21 | Q2FY21 | QoQ Growth |
Q3FY20 | YoY Growth |
9MFY21 | 9MFY20 | YoY Growth |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,657 | 1,541 | 8% | 1,366 | 21% | 4,508 | 4,030 | 12% |
| EBITDA | 403 | 367 | 10% | 287 | 41% | 1,013 | 793 | 28% |
| % margin | 24% | 24% | 21% | 23% | 20% | |||
| Net Profit | 222 | 251 | -11% | 194 | 14% | 636 | 521 | 22% |
| % margin | 14% | 16% | 14% | 14% | 13% | |||
| Diluted EPS (Rs) | 15.19 | 17.15 | -11% | 13.30 | 14% | 43.52 | 35.64 | 22% |
Financial Performance – Consolidated
| (in Rs Million) | Q3FY21 | Q2FY21 | QoQ Growth |
Q3FY20 | YoY Growth |
9MFY21 | 9MFY20 | YoY Growth |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,018 | 1,863 | 8% | 1,560 | 29% | 5,425 | 4,593 | 18% |
| EBITDA | 419 | 394 | 6% | 304 | 38% | 1,089 | 887 | 23% |
| % margin | 21% | 21% | 20% | 20% | 19% | |||
| Net Profit | 231 | 269 | -14% | 211 | 10% | 692 | 595 | 16% |
| % margin | 12% | 14% | 14% | 13% | 13% | |||
| Diluted EPS (Rs) | 15.85 | 18.37 | -14% | 14.40 | 10% | 47.35 | 40.73 | 16% |
Management Comment
Commenting on the Company’s performance for Q3FY21, Mr. Tarak Patel, Managing Director said “We are pleased to announce yet another quarter of strong performance. Our end user segments continue to do well led by a strong recovery in the pharmaceutical sector, resulting in a healthy order backlog across all our product lines. Our newly acquired manufacturing facility in Hyderabad is up and running along with our new gas furnaces in Gujarat. In reference to the acquisition of the international business of the Pfaudler Group, we have received all foreign investment and antitrust approvals and we expect to close the transaction soon.”
BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q3 FY21
He added, “The overall business environment looks very promising and we expect all our business lines to do well.”
About GMM Pfaudler
GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industries. The company holds a majority stake of 54 percent in the parent Pfaudler Group and is the market leader with more than five decades’ experience in manufacturing Glass Lined Equipment. It currently operates three facilities in Karamsad, Gujarat, Pune, Maharashtra and Hyderabad, Telangana. 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 further details please contact www.gmmpfaudler.com
For Media Contacts : For Investor Contacts : For Investor Contacts : Abhishek Savant Binay Sarda Mittal Mehta Veritas Reputation PR Pvt Ltd Christensen Investor Relations Company Secretary, GMM Pfaduler Tel: 8108848822 Tel: +91 22 4215 0210 Tel: +91 22 6650 3900 Email: [email protected] Email: [email protected] Email: [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. GMM 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.