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GMM Pfaudler announces Q1 FY20 financial performance

Posted On: 2019-08-13 15:31:39

GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry segments today announced its first quarter (Q1FY20) results for the period ended June 30th, 2019.

Financial Performance - Standalone Q1FY20 review (Y/Y %)

- Total Operating revenue was Rs.1,303mn as compared to Rs.932mn during Q1FY19, reflecting an increase of 40%.

- EBITDA stood at Rs.239mn as compared to Rs.153mn during Q1FY19, reflecting an increase of 56%.

- EBITDA Margin at 18% for Q1FY20 as against 16% in Q1FY19.

- Net profit stood at Rs.146mn for Q1FY20 as compared to Rs.91mn in Q1FY19, reflecting an increase of 61%.

Commenting on the Company's performance for Q1FY20, Mr. Tarak Patel, Managing Director said "We are pleased to announce an excellent start to the fiscal year with revenue growth of 40% and EBITDA growth of 56% over the same period in the previous year. We continue to benefit from growing demand for our products and services driven by the Chemical and Pharmaceutical sectors. Moreover, we are witnessing improvement in margins on the back of ongoing cost optimization initiatives."

He further added "Our priorities continue to be towards focusing on capitalizing on the upcoming opportunities and streamlining our operations to enhance efficiency across our Company. We are confident of continuing the positive performance going forward and have a well-defined strategy in place to propel the company into next leg of growth."

Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.1308.5 as compared to the previous close of Rs. 1253.85. The total number of shares traded during the day was 777 in over 153 trades.

The stock hit an intraday high of Rs. 1316.45 and intraday low of 1255. The net turnover during the day was Rs. 1003664.

Source: Equity Bulls

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