GMM Pfaudler Ltd.

NSE: GMMPFAUDLR | BSE: 505255 | ISIN: INE541A01023 |Industry: Industrial Machinery
|Expensive Performer
3551.20 -37.00 (-1.03%)
NSE Oct 30, 2020 15:31 PM
Volume: 21,596

GMM Pfaudler Ltd.    
03 Jun 2019
BP Wealth
GMM Pfaudler Ltd (GMM), for Q4FY19, reported a decent set of numbers. Revenue grew at 37.4% YoY to INR 1,207mn (est INR 1,155mn). EBITDA showed growth of 17.9% YoY to INR170mn (est INR191mn) with 231bps YoY contraction in margin from 16.4% in Q4FY18 to 14.1% in Q4FY19, due to adverse product mix mainly led by Heavy engineering business ,which grew by 116% YoY with only 2.1% EBIT margin compared to 15.2% in Q4FY18. As per the management, the decline in margin was due to a single large order taken by the company for strategic reasons and is expected not to repeat going forward. Net profit surged by 27.9% to INR 108mn (est. INR112mn) due to operationally weak performance and lower tax expense (33.5% vs 39.7%). During the quarter, export share in revenue remained at 10%. Most of the export orders were mainly lead by Pfaudler Inc( Parent) network. Capacity Expansion in Glass lined Equipment business to tap increasing demand...
BP Wealth released a Neutral report for GMM Pfaudler Ltd. on 22 Oct, 2020.
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