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GMM Pfaudler Ltd. — Earnings Release 2024
Aug 10, 2023
61612_rns_2023-08-10_677be2fa-0043-4a1d-a525-f3de5fb802e4.pdf
Earnings Release
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GMM/SEC/2023-24/35
August 10, 2023
To, BSE Limited Scrip Code: 505255
NSE Limited Symbol: GMMPFAUDLR
Sub.: Press Release on the Unaudited Standalone and Consolidated Financial results of GMM Pfaudler Limited (“the Company”) for the quarter ended June 30, 2023
Dear Sir/ Ma’am,
Pursuant to the Listing Regulations, please find enclosed herewith the press release on the Unaudited Standalone and Consolidated Financial results of the Company for the quarter ended June 30, 2023.
Kindly take the same on record.
Thanking you.
Yours faithfully,
For GMM Pfaudler Ltd MITTAL Digitally signed by KARTIK MITTAL KARTIK MEHTA Date: 2023.08.10 MEHTA 15:45:24 +05'30'
Mittal Mehta Company Secretary & Compliance Officer FCS No.: 7848
Encl.: As above
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BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
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Quarterly Earnings Release | Q1 FY24
GMM Pfaudler Limited Records Revenue Growth of 23% in Q1 FY24
Mumbai, August 10, 2023: GMM Pfaudler Limited (GMMP), global leader in glass-lined equipment, announces its first quarter results (Q1 FY24) for the period ended June 30, 2023.
Financial Performance
Consolidated
| EBITDA | EBITDA | PAT | PAT | EPS | Order | Order Backlog ₹2,013 Crore |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 |
Revenue | ||||||||||
| Margin | Margin | Intake | |||||||||
| FY24 | ₹132 Crore | ₹54 Crore | ₹12.2 | ||||||||
| ₹912 Crore | 14.5% | 6.0% | ₹770 Crore | ||||||||
Highlights
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Revenue growth of 23% Y-o-Y on the back of strong execution
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EBITDA margins at 14.5%, 125 bps higher Y-o-Y
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Order Backlog stands at ₹2,013 crore, down 7% Q-o-Q
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Order Intake of ₹770 crore, down 3% Q-o-Q
Management Comment
Commenting on the Company’s Q1 FY24 results, Mr. Tarak Patel, Managing Director said, “We are happy to announce a strong start to the year and remain on track to meet our FY25 guidance. Order intake remains subdued due to general weakness in the chemical sector; however, our opportunity pipeline remains strong across all business platforms and geographies; and we expect that some of the customer decision making which has been delayed will come through in the next quarter. Our order backlog remains stable translating to about eight months of visibility in the international business and about six months in the India business.”
He further added, “Our business today is more resilient than ever before, and we remain committed to our vision of building a world class institution.”
BSE: 505255 | NSE: GMMPFAUDLR | CIN: L29199GJ1962PLC001171 | ISIN: INE541A01023 | SECTOR: ENGINEERING - HEAVY
Quarterly Earnings Release | Q1 FY24
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Unaudited results for the quarter ended June 30, 2023, prepared under Ind AS, is available in the Investor Relations section of our website www.gmmpfaudler.com
Quarterly Conference Call
The company will hold an earnings conference call on Thursday, August 10, 2023, at 6:00 PM (Indian Standard Time) to discuss the unaudited financial results and performance of the Company for the quarter ended June 30, 2023.
The audio conference call will be accessible from all networks and countries through universal access dial-ins:
+91 22 6280 1566 / +91 22 7115 8064 or at weblink
Please click on the link
The Q1 FY24 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 Limited
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, 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 Private 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.