GMM Pfaudler Q4 results reported 214% growth to Rs 31.5 cr
With over five decades of manufacturing experience, GMM Pfaudler is a well established and financially stable company. With a market share of more than 50% in Glass Lined equipment, GMM Pfaudler is the market leader in India.
GMM Pfaudler, listed on BSE, reported profit zooms in 214% in its standalone profit for the January-March quarter on the back of a strong order book across products and geographies.
Industrial process equipment maker reported a profit of Rs 31.5 crore as against Rs 10 crore during the same quarter last year. Revenue improved 68% to Rs 190 crore while EBITDA grew by 160% to Rs 52.3 crore.
“Our order intake across all our product lines and geographies continues to remain strong and the overall business environment looks very promising. Our focus now shifts to capturing post-merger synergies and creating value for our stakeholders,” Tarak Patel, managing director of GMM Pfaudler said in a statement.
On 1st February this year the company completed the acquisition of its parent Pfaudler International. The consolidated loss including two months of PFaudler International’s performance as well as other subsidiary Mavag came in at Rs 5.7 crore. The consolidated revenue stood at Rs 457 crore.For the complete financial year, consolidated profit stood at Rs 63.4 crore on revenues of Rs 1,001 crore.
“In June we announced the acquisition of a manufacturing facility in Hyderabad, then in August we announced the acquisition of Pfaudler International and finally in March we announced the acquisition of the assets of HDO Technologies,” Patel said.