Industrial Machinery company GMM Pfaudler announced Q1FY24 results: Revenue growth of 23% YoY on the back of strong execution EBITDA margins at 14.5%, 125 bps higher YoY Order Backlog stands at Rs 2,013 crore, down 7% QoQ Order Intake of Rs 770 crore, down 3% QoQ Commenting on the Company’s Q1FY24 results, Tarak Patel, Managing Director said, “We are happy to announce a strong start to the year and remain on track to meet our FY25 guidance. Order intake remains subdued due to general weakness in the chemical sector; however, our opportunity pipeline remains strong across all business platforms and geographies; and we expect that some of the customer decision-making which has been delayed will come through in the next quarter. Our order backlog remains stable translating to about eight months of visibility in the international business and about six months in the India business.” He further added, “Our business today is more resilient than ever before, and we remain committed to our vision of building a world-class institution.” Result PDF