GMM Pfaudler , a global leader in corrosion-resistant technologies, systems, and services, has announced strong financial results for the second quarter, demonstrating significant growth and strategic expansion.

Financial Highlights

GMM Pfaudler reported a consolidated revenue from operations of ₹902.34 crores for Q2, marking a substantial increase of 30.6% compared to ₹805.42 crores in the same quarter last year. The company also saw a 12% quarter-on-quarter growth from ₹794.55 crores in Q1.

Profitability showed remarkable improvement, with consolidated profit for the quarter reaching ₹38.80 crores, more than doubling from ₹15.24 crores in the corresponding period last year.

For the half-year period, the company's consolidated revenue stood at ₹1,696.89 crores, up from ₹1,590.62 crores in the previous year, indicating sustained growth momentum.

Key Financial Metrics

Segment Performance

The company's overseas operations contributed significantly to the quarterly revenue, generating ₹645.16 crores, while India operations accounted for ₹257.18 crores.

Strategic Acquisitions

GMM Pfaudler completed two strategic acquisitions during the period:

1. SEMCO Tecnologia em Processos Ltda in Brazil for approximately ₹62 crores.
2. A 51% stake in GMM Inox sp.z.o.o for approximately ₹25.30 crores.

These acquisitions are expected to strengthen the company's global presence and expand its product offerings.

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹1 per share. The record date for the dividend is set as November 17, with payment to be made by December 4.

Management Commentary

Tarak Patel, Managing Director of GMM Pfaudler, commented on the results: "Our financial performance has improved this quarter, with both revenue and profitability increasing, largely due to strong results from our non-glasslined business which further reinforces our diversification strategy. Order intake has remained robust, particularly in India, where we have seen significant improvements."

He added, "The acquisition of SEMCO Tecnologia em Processos Ltda. has been successfully completed, allowing us to tap into the rapidly growing Mining, Metals & Minerals, and Water Treatment markets in South America. Additionally, our facility in Poland is now fully operational, further enhancing our manufacturing capabilities in Europe."

Outlook

While the company has reported strong results, Mr. Patel noted that the global chemical market is expected to remain sluggish due to overcapacity, geopolitical issues, and uncertainties surrounding trade. However, GMM Pfaudler's diversification strategy and recent acquisitions position it well to navigate these challenges.

The company's current order backlog stands at ₹2,146 crores, reflecting a 21% increase from the same quarter in the previous year, indicating a healthy pipeline for future growth.

GMM Pfaudler's robust performance in Q2, coupled with strategic acquisitions and a strong order book, underscores its resilience and growth potential in the global corrosion-resistant technologies market.

GMM Pfaudler , a leading manufacturer of engineered equipment for the chemical and pharmaceutical industries, has announced strong financial results for the second quarter, demonstrating significant growth across key metrics.

Financial Highlights

The company reported impressive year-over-year growth in its standalone financial performance:

Operational Performance

GMM Pfaudler's robust performance in Q2 was driven by strong demand across its product portfolio. The company's revenue from operations surged to ₹271.73 crore, marking a significant 30.6% increase from the same quarter last year.

Profitability Improvements

The company's focus on operational efficiency has yielded substantial improvements in profitability:

• EBITDA grew by 62.8% year-over-year to ₹41.87 crore.
• EBITDA margin expanded by 305 basis points to 15.41%, reflecting enhanced operational efficiency.
• Net profit more than doubled, reaching ₹20.29 crore, a 159.5% increase from the previous year's Q2.

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹1 per share. The record date for dividend payment has been set as November 17.

Consolidated Performance

On a consolidated basis, GMM Pfaudler reported:

The consolidated results reflect the company's strong performance across its global operations.

Outlook

While the company has not provided specific forward-looking statements, the substantial growth in revenue and profitability indicates a positive trajectory for GMM Pfaudler. The company's ability to improve margins suggests resilience and effective cost management.

GMM Pfaudler's strong Q2 performance, coupled with its dividend announcement, positions the company as an attractive proposition for investors looking for growth and income in the industrial manufacturing sector.