GMM Pfaudler Limited Powers Up Q2 FY24 with 20% Revenue Growth!
Consolidated Q2 FY24 Highlights:
- Revenue: ₹937 Crore, boasting a robust 20% YoY growth.
- EBITDA: ₹142 Crore with a stable EBITDA Margin at 15.1%.
- Profit After Tax (PAT): ₹70 Crore with a PAT Margin of 7.5%.
- Earnings Per Share (EPS): ₹15.8, marking a solid 7% YoY growth.
- Order Intake: ₹626 Crore, reflecting a strong demand.
- Order Backlog: Stands tall at ₹1,705 Crore, indicating a promising future pipeline.
H1 FY24 Performance:
- Revenue: ₹1,850 Crore, showcasing a substantial 20% YoY growth.
- EBITDA: ₹274 Crore with a consistent EBITDA Margin at 14.8%.
- PAT: ₹125 Crore, maintaining a PAT Margin of 6.7%.
- EPS: ₹28.0, exhibiting a steady 7% YoY growth.
- Order Intake: ₹1,396 Crore, demonstrating sustained demand.
- Order Backlog: Continues to stand strong at ₹1,705 Crore.
Strategic Achievements:
- Stable Margins: EBITDA Margins hold steady at 15.1%, showcasing operational efficiency.
- EPS Growth: Impressive 7% YoY growth in Earnings Per Share.
- Order Book: Healthy order intake of ₹626 Crore and a substantial backlog of ₹1,705 Crore.
Management Insight:
- Tarak Patel, MD: Reports a strong performance, aligning with FY25 guidance.
- Order Intake Strategy: Despite a chemical sector slowdown, diversification strategy leads to a robust opportunity pipeline.
- Future Focus: Continued efforts on market share, cost reduction, and operational efficiency enhancements.
Global Leadership:
- Industry Standing: GMM Pfaudler, a global leader in glass-lined equipment, maintains a strong position.
- Geographical Diversification: Strategy of entering new industry segments proves successful, contributing to global opportunity pipeline.
Strategic Move:
- Ownership Transition: Patel family to purchase a 1% stake from DBAG Fund VI at ₹1700 per share, indicating confidence in the company’s growth trajectory.
Management Quote:
- Tarak Patel: “We will continue to focus on strengthening market share, reducing costs, and improving efficiencies.”
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