GMM Pfaudler announces Q2 FY 2025

Mumbai, November 8, 2024: GMM Pfaudler Limited, global leader in glass-lined equipment, announces its second quarter (Q2 FY25) and half year results (H1 FY25) for the period ended September 30, 2024.

Financial Performance

Consolidated

Highlights

• Revenue and EBITDA up 3% and 6% respectively compared to Q1 FY25
• EBITDA margin stable at 11.6%     
• Q2FY25 Order Intake steady at ₹762 crore, H1 FY25 Order Intake at ₹1,644 crore up 18% compared to H1 FY24
• Order Backlog stands at ₹1,773 crore, up 4% compared to September 30, 2023
• Opportunity pipeline remains stable across geographies, product mix continues to evolve

Management Comment

Commenting on the Company’s Q2 FY25 results, Mr. Tarak Patel, Managing Director said, “We are pleased to report a stable performance this quarter despite a general slowdown in investments within the chemical and pharmaceutical sectors. As a result of our diversification strategy, which involves adding new products to our portfolio and developing new industry segments, we have seen an improvement in order intake which has helped us maintain our backlog.”

He further added, “While the outlook remains muted for this financial year, we continue to focus our efforts on strengthening our market share, reducing costs and improving efficiencies.”