Q4FY24 Quarterly & FY24 Annual Result Announced for GMM Pfaudler Ltd.
Industrial Machinery company GMM Pfaudler announced Q4FY24 & FY24 results: FY24 Revenue and EBITDA grew 8% and 11%, respectively, with EBITDA margin at 13.8% Q4FY24 Order Intake of Rs 861 crore, up 14% QoQ Order Backlog stands at Rs 1,689 crore Ratings outlook upgrade by CRISIL to ‘Positive’. Credit Ratings is now at AA-/A1+/Positive Appointment of Ms. Shilpa Nirula as an Independent Director effective May 22, 2024. With this appointment, 70% of the Board shall comprise of Independent Directors. The Board recommended a final dividend of Rs 1 per equity share, subject to requisite approvals. Total dividend for FY24 (including interim dividend) would be Rs 2 per equity share Commenting on the Company’s results, Tarak Patel, Managing Director said, “We are happy to report a strong finish to the financial year, where we were able to grow both revenue and profitability by 8% and 11%, respectively. He further added, “Our business diversification strategy has helped mitigate the slowdown in the chemical sector and allowed us to focus on non-traditional industry segments. Our ongoing cost control and operational excellence measures has helped us maintain margins and positions us well for future.” Result PDF22-05-2024