GMM Pfaudler shares dip despite stable Q3 performance
GMM Pfaudler’s shares closed at ₹1,190 on the NSE today, falling ₹9.35 or 0.78 per cent, following yesterday’s announcement of its Q3 FY25 results. The global leader in glass-lined equipment reported stable revenue with improved EBITDA margins for the quarter ended December 31, 2024.
The company posted a consolidated EBITDA of ₹96 crore with a margin of 12 per cent, an improvement on 11.6 per cent in Q2 FY25. Revenue stood at ₹801 crore, while net profit came in at ₹40 crore with a margin of 5 per cent.
Order intake for Q3 FY25 reached ₹798 crore, up 5 per cent compared to the previous quarter, while the order backlog increased 7 per cent year-on-year to ₹1,740 crore. The company’s nine-month order intake for FY25 grew 13 per cent compared to the same period last year, reaching ₹2,442 crore.
Managing Director Tarak Patel acknowledged the ongoing weakness in the chemical industry affecting capital expenditure cycles, but highlighted the company’s successful diversification into new sectors, including Oil & Gas, Petrochemicals, Semi-Conductor, and Metals & Minerals. The company maintains a stable outlook for the current financial year, while focusing on strengthening market share, cost reduction, and efficiency improvements.
