Q1FY22 Result Announced for GMM Pfaudler Ltd.
Financial Performance Standalone: GMM Pfaudler Ltd (“GMMP”) announces its first quarter results for the period ended June 30, 2021 with a revenue growth of 257%, EBITDA growth of 200% and PAT growth of 58% over the same period last year. These results are of GMMP after excluding the purchase price allocation impact in Pfaudler International (“PFI”), as these are non-cash accounting adjustments. Revenue up 31% YoY to Rs 1,714 mn. EBITDA increased 80% YoY to Rs 437 mn PAT, up 58% YoY, at Rs 258 mn. Consolidated: Revenue up 257% YoY to Rs 5,517 mn. EBITDA increased 200% YoY to Rs 825 mn PAT, up 58% YoY, at Rs 303 mn Commenting on the Company’s performance for Q1 FY22, Mr. Tarak Patel, Managing Director said “We are pleased to report a strong start to the financial year, our business continues to show considerable resilience across all geographies. Our integration initiatives are progressing well and we have now started seeing the impact of post-merger synergies in our profitability.” Mr. Patel, added, “Our order intake across all our product lines continues to remain strong while the overall business environment looks encouraging.” Result PDF12-08-2021