Highlights EBITDA in Q1 FY22 and H1 FY22 includes Rs 47 crore of fair value adjustment on inventory (non-cash) in PFI Profit after tax includes Purchase Price Allocation (PPA) impact (non cash) of Rs 14 crore in Q2 FY22, Rs 49 crore in Q1 FY22 and Rs 63 crore in H1 FY22. Amounts are rounded off to crores and subject to casting Impact of PPA adjustments on profit after tax would reduce to Rs 5 crore each in Q3 FY22 and Q4 FY22. Commenting on the Company’s Q2 FY22 results, Mr. Tarak Patel, Managing Director said, “We are pleased to announce a strong topline growth driven by India, China and Germany. Order intake continues to remain strong giving us a healthy backlog across geographies. Our acquistion synergies have started taking shape resulting in improvement in earnings and the outlook remains positive.” Mr. Patel, added, “I am also delighted to welcome Mr. Aseem Joshi as CEO of the India business. Aseem is a proven leader who brings a wealth of experience in running businesses in both India and the United States. As the size, scale and complexity of our business has changed significantly over the last year, Aseem will be a welcome addition to the senior management team.” Result PDF
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 PDF