Q3FY23 Quarterly Result Announced for GMM Pfaudler Ltd.
Industrial machinery firm GMM Pfaudler announced Q3FY23 results: Consolidated Q3FY23: Revenue growth of 23% at Rs 792 crore. EBITDA growth of 44%, EBITDA margin at 14.9% at Rs 118 crore. PAT margin at 5.1%, impacted by net loss on restatement of foreign currency borrowings amounting to Rs 18 crore (non-cash). Shipment and order intake remains on track Order Backlog stands at Rs 2,247 crore Agreement to acquire 100% stake in Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd (Mixel), for a total consideration of 7 million euros (Rs 56 crore). The transaction is expected to be completed in February 2023. Commenting on the Company’s Q3 results, Mr. Tarak Patel, Managing Director said, “We have delivered another good performance this quarter driven by strong execution across geographies. Our Technologies and Services platforms are seeing good traction; and with the current backlog of six to nine months our outlook remains positive. With our shipment and order intake ahead of plan, we are confident of finishing the year in a strong manner.” Result PDF02-02-2023