GMM Pfaudler’s stock closed at ₹1,190 on the NSE today, marking a decline of ₹9.35 or 0.78 per cent, in response to the release of its Q3 FY25 results. The renowned global provider of glass-lined equipment reported steady revenue along with improved EBITDA margins for the quarter ending on December 31, 2024.
The company recorded a consolidated EBITDA of ₹96 crore with a margin of 12 per cent, demonstrating an enhancement from 11.6 per cent in Q2 FY25. Revenue amounted to ₹801 crore, while net profit totaled ₹40 crore with a margin of 5 per cent.
In Q3 FY25, the order intake reached ₹798 crore, reflecting a 5 per cent increase compared to the previous quarter. Additionally, the order backlog witnessed a year-on-year surge of 7 per cent, reaching ₹1,740 crore. The company’s order intake for the first nine months of FY25 grew by 13 per cent in comparison to the corresponding period last year, reaching ₹2,442 crore.
Despite acknowledging the prevalent weakness in the chemical industry impacting capital expenditure cycles, Managing Director Tarak Patel highlighted the company’s successful expansion into new sectors such as Oil & Gas, Petrochemicals, Semi-Conductor, and Metals & Minerals. The company remains optimistic about the current financial year while prioritizing strategies to enhance market share, reduce costs, and improve efficiency.
Published on February 7, 2025.
