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The Group has completed acquisition of Industrial Mixing Solution Division (IMSD) of Sudarshan Chemical Industries Limited located at Pune on going concern basis in terms of definite agreement on April 12, 2019 for Rs. 272.27 million. Results and segment disclosures for the quarter ended December 31, 2019 include Industrial Mixing Solution Division starting from April 12, 2019, hence not comparable with previous periods.
Consolidated sale for the period was up by 26% to Rs 459.29 crore. With OPM expand by 360 bps to 19.3%; the operating profit was up by 55% to Rs 88.66 crore. However the growth at PBT moderated at 41% to Rs 75.86 crore hit by lower OI, higher interest and higher depreciation. Eventually the PAT was up by 60% to Rs 59.53 crore as taxation stand lower by 1% to Rs 16.33 crore.
Segment profit of GL was up by 48% (to Rs 57.11 crore) led by 30% growth in sales (to Rs 271.44 crore) and 250 bps expansion in segment margin to 21.3%. Similarly the segment profit of PP was up by 59% (to Rs 22.85 crore) as its segment sales was up by 21% (to Rs 146.31 crore) and segment margin expand by 370 bps to 15.6%. However the segment profit of HE was up by 14% to Rs 6.79 crore facilitated largely by 22% growth in sales to Rs 41.54 crore as its segment margin declined by 120 bps to 16.3%.
The Group has completed acquisition of Industrial Mixing Solution Division (IMSD) of Sudarshan Chemical Industries Limited located at Pune on going concern basis in terms of definite agreement on April 12, 2019 for Rs. 272.27 million. Results and segment disclosures for the nine month ended December 31, 2019 include Industrial Mixing Solution Division starting from April 12, 2019, hence not comparable with previous periods.
Commenting on the Companys performance for Q3FY20, Tarak Patel, Managing Director said We are pleased to report yet another quarter of strong performance with consolidated operating revenue growth of 19% and EBITDA growth of 46% over the same period in the previous year. Our order book continues to remain healthy on the back of strong demand from the Chemical and Pharmaceutical sectors. We will selectively add capacity looking at the robust demand environment. He further added We continue to innovate and improvise to enhance our performance and create differentiated value for our stakeholders. The Company has also laid out a five-year plan with an aim to take the Company to next level of sustainable growth.
The Board of Directors have announced a third interim dividend Rs. 1/- per share for the current financial year 2019-20. The record date for the payment of the said dividend has been fixed on January 31, 2020.
GMM Pfaudler : Consolidated Results
|1912 (3)||1812 (3)||Var. (%)||1912 (9)||1812 (9)||Var. (%)||1903 (12)||1803 (12)||Var.(%)|
|* Annualized On Current Equity Of Rs 2.923 Crore. Face Value: Rs 2|
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database
GMM Pfaudler: Segment Results
|Segment||1912 (3)||1812 (3)||Var. (%)||% to total||1912 (9)||1812 (9)||Var. (%)||% to total||1903 (12)||% to total|
|Inter Segment Revenue|
|LESS: Interest expenes||0.94||0.32||191||2.59||0.84||209||1.17|
|Other income & unallocable expenses||2.63||1.01||161||8.90||4.79||86||7.38|
|PBT before EO||27.05||17.35||56||75.86||53.81||41||73.27|
|Profit from discontinued operations (auto anciliary)|
PBT before profit from discontinued operations
Note: Figures in Rs crore
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