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GMM Pfaudler announces Q2 FY20 earnings

Posted On: 2019-11-07 16:43:17


GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry segments today announced its second quarter (Q2FY20) and Half Year (H1FY20) results for the period ended September 30th, 2019.

Financial Performance

Standalone Q2FY20 review (Y/Y %)

- Operating revenue increased to Rs.1,361mn, up 37% versus Rs.992mn during Q2 of last year.
- EBITDA improved significantly to Rs.267mn, up 66% versus Rs.161mn during Q2 of last year.
- EBITDA Margin improved to 20% versus 16% in Q2 of last year, up 339 bps.
- Net profit increased substantially to Rs.180mn, up 84% versus Rs.98mn during Q2 of last year.

Standalone H1FY20 review (Y/Y %)

- Operating revenue increased to Rs.2,664mn, up 38% versus Rs.1,924mn during H1 of last year.
- EBITDA improved to Rs.506mn, up 61% versus Rs.314mn during H1 of last year.
- EBITDA Margin improved to 19% versus 16% in H1 of last year, up 271 bps.
- Net profit increased to Rs.327mn, up 73% versus Rs.189mn during H1 of last year.

Consolidated Q2FY20 review (Y/Y %)

- Operating revenue increased to Rs.1,531mn, up 28% versus Rs.1,198mn during Q2 of last year.
- EBITDA improved significantly to Rs.306mn, up 54% versus Rs.199mn during Q2 of last year.
- EBITDA Margin improved to 20% versus 17% in Q2 of last year, up 340 bps.
- Net profit increased substantially to Rs.208mn, up 51% versus Rs.138mn during Q2 of last year.

Consolidated H1FY20 review (Y/Y %)

- Operating revenue increased to Rs.3,033mn, up 31% versus Rs.2,321mn during H1 of last year.
- EBITDA improved to Rs.582mn, up 60% versus Rs.364mn during H1 of last year.
- EBITDA Margin improved to 19% versus 16% in H1 of last year, up 350 bps.
- Net profit increased to Rs.385mn, up 53% versus Rs.252mn during H1 of last year.

Commenting on the Company's performance for Q2FY20, Mr. Tarak Patel, Managing Director said "We continue to build on the momentum of the first quarter with a strong second quarter with consolidated revenue growth of 28% and EBITDA growth of 54% over the same period in the previous year. Our order book continues to remain strong across all our business lines backed by buoyant demand from the Chemical and Pharmaceutical sectors."

He further added "We remain confident about the long-term prospects of the Company and continue to look at ways of increasing revenue and profitability."

Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.1463.5 as compared to the previous close of Rs. 1433.2. The total number of shares traded during the day was 3177 in over 243 trades.

The stock hit an intraday high of Rs. 1490.9 and intraday low of 1416.05. The net turnover during the day was Rs. 4634947.


Source: Equity Bulls

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