Management Comments
We are quite happy with how the quarter progressed. We have been performing consistently throughout the year and every quarter we continue to grow significantly both in terms of revenue and profitability. On a nine-month basis, we grew our revenue on a standalone basis at about 35% or Rs.403 crores versus Rs.298 crores for the nine months in the previous year. The operating expenses reduced by about 4% improving our EBITDA margin from 16% to 20%. In terms of Rupee values, we increased the EBITDA from Rs.48.5 crores to Rs.79.3 crores. PBT was also up at about 49% over previous year and profit after tax also improved by 74% year-on-year. On a nine-month basis, on a consolidated basis, we grew our revenues by 26%, Rs.363 crores versus Rs.459 crores in this quarter. Operating expenses reduced by 3% improving the EBITDA from 16% to 19%.
In terms of rupee value, we increased the EBITDA from Rs.57.2 crores to Rs.88.7 crores, which is an increase of 55%. PBT and PAT were up 41% and 60% respectively. We continue to be bullish about the coming quarter. Next quarter for us also will be a similar growth story for both revenue and profitability. We continue to have a healthy backlog in all three product lines. Our Glass Line business continues to do very well. What has been really heartening is the heavy engineering business where now we have a very strong backlog that puts us in a very good GMM Pfaudler Limited January 23, 2020 Page 3 of 20 position for next year especially for Q1 and we are making a lot of traction there, so that should give us a good amount of opportunity to grow the business in the next financial year.
The proprietary product business is also doing well. The Mixing Systems business, Filtration and Drying business, and the Engineered System businesses are showing a lot of traction, so we continue to be bullish on the opportunities available. The chemical as well as the pharmaceutical industry are continuing to invest and we are seeing a lot of opportunities out in the market and with our competitive edge we have been able to take the orders and to build our backlog. We also have some opportunities lined up. We recently launched our next five-year strategic plan that comes into effect on April 1, 2020. We have some good opportunities in the pipeline which if they eventually turn out positive, I think that will help us to the next level of growth in the coming months.
Click PDF to view full transcript