Q2FY23 Quarterly Result Announced for GMM Pfaudler Ltd.
Industrial machinery firm GMM Pfaudler announced Q2FY23 results: Q2FY23: Revenue at Rs 780 Crore EBITDA at Rs 119 Crore EBITDA Margin at 15.2% PAT at Rs 97 Crore PAT Margin at 12.4% EPS at Rs 14.8 Order Intake at Rs 829 Crore Order Backlog at Rs 2,119 Crore Quarter Highlights: Revenue growth of 21% EBITDA margins at 15.2% PAT margins at 12.4% Order intake increased by 6% Order Backlog stands at Rs 2,119 crore The Board recommended an interim dividend of Rs 1 per equity share for FY23 Completed the acquisition of Hydro Air Research Italia S.r.l. Completed the acquisition of the balance 46% stake in GMM International S.à.r.l. (GMMI), GMMI is now a wholly owned subsidiary of GMMP with 100% profits accruing from Q3 FY23 onwards. Issuance of 11,04,724 shares on a preferential basis to Millars Concrete Technologies Pvt. Ltd. (Patel Group) has been completed on November 1, 2022. Commenting on the Company’s Q2 results, Mr. Tarak Patel, Managing Director said, “Building on the strong start to the year we have delivered another strong performance this quarter. Our cost control measures, especially in Europe, have helped mitigate rising energy costs, however, global uncertainties continue. The order intake and backlog numbers remain on track with all platforms showing good traction in our core as well as adjacent industries.” “I am also pleased to announce that we have completed the acquisition of the balance 46% in GMM Pfaudler International S.à.r.l. (GMMI) and will now have 100% of profits accrued from Q3 FY23." Result PDF03-11-2022