GMM Pfaudler standlone PAT for Q2 increases 39% yoy to Rs25.1cr

The company’s standalone operating revenue increased to Rs154.1cr, a jump of 13% yoy compared to Rs136.1cr in Q2FY20.

Oct 22, 2020 08:10 IST India Infoline News Service

Quarterly Results
GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry segments Wednesday announced its second quarter (Q2FY21) and Half Year (H1FY21) results for the period ended September 30, 2020.

The company’s standalone operating revenue increased to Rs154.1cr, a jump of 18% over Rs130.9cr in Q1FY21.  It was 13% increase yoy compared to Rs136.1cr in Q2FY20. In H1FY21 revenue stood at 285cr growth of 7% compared to 266.4cr in H1FY20.

EBITDA increased to Rs36.7cr, up 51% versus Rs24.3cr during Q1FY21. It also saw a growth of 21% yoy compared to Rs26.7cr in Q2FY20. The half yearly EBITDA stood at Rs61cr an increase of 21% from Rs50.6cr.

PAT improved significantly to Rs25.1cr, up 53% versus Rs16.4cr during Q1FY21. It saw rise of 39% from 18cr in Q2FY20. It witnessed an increase of 27% to Rs41.4cr in H1FY21 compared to Rs32.7cr in H1FY20.

GMM Pfaudler has commenced operations at its Glass Lined Equipment manufacturing facility at Nacharam, Hyderabad which it had acquired from De Dietrich Process Systems India Pvt. Ltd’s (DDPSI) in July, 2020. In addition to this facility, the company also operates two facilities in West India, one at Karamsad, Gujarat and the other at Pune, Maharashtra.

“This has been a very strong quarter for us where we have managed to significantly improve revenue and profitability. The improvement in profitability is expected to continue on the back of incremental revenue, operating leverage, and some of our strategic initiatives paying off. Our Hyderabad manufacturing facility is now up and running and we expect to close the Pfaudler Inc acquisiton by the end of the year,” Tarak Patel, Managing Director said.

He added, “We remain confident on the long term prospects of the company.”

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