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GMM Pfaudler Ltd. — Earnings Release 2023
Jul 28, 2022
61612_rns_2022-07-28_5dfb94c7-9f8f-4d48-846c-e644fd81e808.pdf
Earnings Release
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BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
Quarterly Earnings Release | Q1 FY23
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GMM Pfaudler Ltd Records Revenue Growth of 34% YoY in Q1 FY23
Mumbai, July 28, 2022: GMM Pfaudler Ltd, global leader in glass-lined equipment, announces its first quarter results (Q1 FY23) for the period ended June 30, 2022.
Financial Performance
Consolidated
| EBITDA | EBITDA | PAT | PAT | EPS* | Order | Order Backlog ₹ 2,182 Crore |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Revenue | ||||||||||
| Margin | Margin | Intake | |||||||||
| FY23 | ₹ 98 Crore | ₹ 61 Crore | ₹ 10.15 | ||||||||
| ₹ 739 Crore | 13.2% | 8.3% | ₹ 998 Crore | ||||||||
*EPS is adjusted for the bonus issue of 2:1 completed in July 2022
Highlights
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Revenue growth of 34% on the back of strong execution
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EBITDA margins at 13.2%, 672 bps higher than previous year
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Order intake improves by 24% driven by International business
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Backlog grows by 27%, stands at ₹ 2,182 crore
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Agreement to acquire 100% stake in Hydro Air Research Italia S.r.l., based in Milan, Italy, for a total consideration of € 4.96 million (₹ 38.24 crore). The transaction is funded through internal accruals and expected to be completed in August 2022
Management Comment
Commenting on the Company’s Q1 FY23 results, Mr. Tarak Patel, Managing Director said, “Our focus on execution and cost controls have helped us achieve a strong Q1 performance, where we have increased revenues and improved margins. We recorded a significantly higher order intake this quarter adding to our backlog and putting us in a strong position for the coming quarters. While commodity prices have softened over the past few months, energy costs continue to remain a concern.”
He further added, “I am happy to announce that we have approved the acquisition of Hydro Air Research Italia S.r.l. (HARI) based in Milan, Italy. HARI is an engineering company specializing in the field of liquid separation and filtration serving the pharmaceutical and chemical industries. HARI’s application expertise and process know-how will be a welcome addition to our product portfolio and will augment our capabilities to enter adjacent markets and provide green technologies to our customers.”
About Hydro Air Research Italia S.r.l.
Hydro Air Research Italia S.r.l. (HARI) designs and manufactures advanced separation systems (skid mounted units and/or turnkey plants) for process applications. Working in separation technologies for more than 40 years and with over 60 plants completed in the last 5 years, HARI offers green solutions to various industries including the pharmaceuticals and chemicals and has also recently entered high growth sectors such as plant-based proteins, bioplastics and lithium purification.
BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q1 FY23
Unaudited results for the period ended June 30, 2022, prepared under Ind AS, are available in the Investor Relations section of our website www.gmmpfaudler.com
Quarterly Conference Call
The company will hold an earnings conference call on Friday, July 29, 2022, at 12:00 PM (Indian Standard Time) to discuss the unaudited financial results and performance of the Company for the quarter June 30, 2022.
The audio conference call will be accessible from all networks and countries through universal access dial-ins:
+91 22 6280 1341 and +91 22 7115 8282 or at weblink
Please click on the link
The Q1 FY23 Earnings presentation will be submitted to Stock Exchanges and shall also be hosted on the Company's website at www.gmmpfaudler.com
About GMM Pfaudler Ltd
GMM Pfaudler Ltd 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 costeffective solutions. GMM Pfaudler has 14 manufacturing locations with an extensive sales and service network and employs more than 1800 people across 4 continents. As part of our global ambitions, we continue to make Big Moves that will allow our people, customers, and the communities we operate in to grow.
More information is available at www.gmmpfaudler.com
Contact details
Company Investor Media Priyanka Daga Anuj Sonpal Abhishek Savant DGM Strategic Finance, GMM Pfaudler Ltd Valorem Advisors Veritas Reputation PR Pvt Ltd Tel: +91 22 6650 3900 Tel: +91 22 4903 9500 Tel: +91 8108848822 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 forward-looking 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.