Industrial Machinery company GMM Pfaudler Announced Q1FY23 Result : GMM Pfaudler Ltd Records Revenue Growth of 34% YoY in Q1 FY23 Revenue growth of 34% on the back of strong execution EBITDA margins at 13.2%, 672 bps higher than previous year Order intake improves by 24% driven by International business Backlog grows by 27%, stands at Rs 2,182 crore Agreement to acquire 100% stake in Hydro Air Research Italia S.r.l., based in Milan, Italy, for a total consideration of € 4.96 million (Rs 38.24 crore). The transaction is funded through internal accruals and expected to be completed in August 2022 Commenting on the Company’s Q1 FY23 results, Mr. Tarak Patel, Managing Director said, “Our focus on execution and cost controls have helped us achieve a strong Q1 performance, where we have increased revenues and improved margins. We recorded a significantly higher order intake this quarter adding to our backlog and putting us in a strong position for the coming quarters. While commodity prices have softened over the past few months, energy costs continue to remain a concern. He further added, “I am happy to announce that we have approved the acquisition of Hydro Air Research Italia S.r.l. (HARI) based in Milan, Italy. HARI is an engineering company specializing in the field of liquid separation and filtration serving the pharmaceutical and chemical industries. HARI’s application expertise and process know-how will be a welcome addition to our product portfolio and will augment our capabilities to enter adjacent markets and provide green technologies to our customers.” Result PDF