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Gmm Pfaudler

GMM Pfaudler Limited designs, manufactures, and markets corrosion resistant glass-lined equipment used primarily in the chemical, pharmaceutical, and allied industries in India and internationally.

Industry: Industrial Machinery

Ticker Exchange ISIN Name
$GMM BSE INE541A01023 Code: 505255

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Meera Sharma 11:36 AM 26-10-2020

$GMM #bullish results EBITDA +51% QoQ, +38% YoY. EBITDA margin +400 bps to 24%. Net profit +53% QoQ and 39% YoY.

“The improvement in profitability is expected to continue on the back of incremental revenue growth, 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 acquisition by the end of the year,” said Tarak Patel, MD, GMM Pfaudler