GMM Pfaudler through its subsidiary Pfaudler GmbH, Germany, has entered into an Investment and Shareholders' Agreement on 20 December 2024, to acquire 51% stake of a limited liability company in Poland. ' This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing its global manufacturing capabilities and competitiveness. ' The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries. ' Investment of PLN 12.2 million (~ Rs 25.3 crore) will be made to establish this facility and the transaction will be funded through internal accruals. Powered by Capital Market - Live

Revenue from operations declined 14.08% to Rs 805.42 crore in Q2 FY25 from Rs 937.48 crore recorded in the corresponding quarter previous year. Consolidated profit before tax slipped 64.48% to Rs 33.03 crore in Q2 FY25 from Rs 92.99 crore reported in the same quarter last year. EBITDA was at Rs 93 crore in the second quarter of FY25. EBITDA margin stable at 11.6% in Q2 FY25. The company's order intake was at Rs 762 crore in Q2 FY25. Order backlog grew by 4% YoY to Rs 1,773 crore in Q2 FY25. On half year basis, the company's net profit slipped 64.25% to Rs 42.52 crore on 14% fell in revenue from operations to Rs 1,590.62 crore in H1 FY25 over H1 FY24. Commenting on the company's Q2 FY25 results, Tarak Patel, MD said, We are pleased to report a stable performance this quarter despite a general slowdown in investments within the chemical and pharmaceutical sectors. As a result of our diversification strategy, which involves adding new products to our portfolio and developing new industry segments, we have seen an improvement in order intake which has helped us maintain our backlog.' He further added, While the outlook remains muted for this financial year, we continue to focus our efforts on strengthening our market share, reducing costs and improving efficiencies. Meanwhile, the company's board approved payment of interim dividend at Rs 1 per share for the financial year 2024-25. The record date for the same is fixed on 18 November 2022 and the dividend will be paid on or on or before 4 December 2024. GMM Pfaudler delivers corrosion-resistant technologies, systems, and services worldwide and remains the preferred choice by consistently providing its customers in the chemical and pharmaceutical industries with innovative and cost-effective solutions.Powered by Capital Market - Live

GMM Pfaudler announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of GMM Pfaudler declined 74.73% to Rs 17.26 crore in the quarter ended September 2024 as against Rs 68.30 crore during the previous quarter ended September 2023. Sales declined 14.09% to Rs 805.42 crore in the quarter ended September 2024 as against Rs 937.48 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales805.42937.48 -14 OPM %11.6115.15 - PBDT66.29129.01 -49 PBT33.0392.99 -64 NP17.2668.30 -75 Powered by Capital Market - Live

GMM Pfaudler will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The agency has also affirmed the company's short-term rating at '[ICRA] A1+'. ICRA stated that the reaffirmation of the ratings factors in GMM Pfaudler' (GMMPL) leadership position globally in engineering equipment and systems, including glass lined equipment (GLE), with strong in-house technical capabilities and manufacturing infrastructure. ICRA notes that GMMPL continues to capitalise on the acquisition of Pfaulder Inc through access to technical know-how, product mix and expansive geographical manufacturing presence and customer relations, evident from the healthy revenue scale-up and order inflows over FY2023-FY2024. Moreover, the management's strategy of undertaking acquisitions over the past fiscals has supported GMMPL's overall business risk profile through improved geographic presence, wider product profile and addition of new end-user industries, bolstering its revenue, profits and earnings growth prospects. Although, the same has led to increase in the company's total debt, which in the current scenario of moderation in profitability has translated into moderation in the debt coverage metrics to some extent. The ratings factor in the company's healthy business position, supported by a robust global reach, strong technical capabilities and cross-selling opportunities across various product lines, and an established customer base. The rating considers the strong presence of the company in the large vessel segment with an overall market share of over 40% globally in the GLE segment. The ratings also consider the diversified product offerings by the company in the non-GLE segments, providing access to multiple end-user industries other than chemical and pharma. The bolt-on acquisitions completed by the company over FY2023-FY2024 (Mixel, MixPro & Hydro Air Research Italia) will expand its product portfolio and provide access to additional market segments such as mixing, plant-based proteins, bioplastics and lithium purification. The acquisitions will also aid the company to cater internationally to industries such as water treatment, mining and biogas, among others, in geographies where its current presence is limited to chemical and pharma and support the expansion of its existing mixing division. The ratings are, however, constrained by the company's continued higher debt levels owing to the sizeable debt additions to fund various acquisitions over the past fiscals, thus moderating the debt coverage metrics at a consolidated level. The debt coverage metrics is expected to improve, going forward with profit expansion as well as debt amortization. The ratings consider the vulnerability of the company's profitability to the volatility in steel prices, given the production cycle of six to nine months for GLE, and upto 18 months for heavy engineering. Further, GMMPL's operations remain exposed to new capital investment cycles in key end-user segments, with the company deriving a major share of its revenues from the pharma and chemical sectors. However, the company's ability to generate healthy profitability and steady cash accruals through low-cost sourcing and benefiting from economies of scale on a sustained basis will be critical for its credit profile to improve. ICRA also factors in the favorable demand prospects in the medium to long term on the back of healthy growth and the capex expected in pharma and specialty chemicals, both in India and overseas. GMM Pfaudler enjoys a nearly 40% market share in the global glass lined equipment (GLE) business, while having over 50% market share in the domestic market. The company also derives revenue from the manufacture of proprietary products (mixing, filtration and drying equipment, and engineered systems), services and execution of heavy engineering projects in the domestic market. For its overseas operations, a significant revenue share is contributed by the services and system segments. The scrip rose 0.30% to currently trade at Rs 1428.05 on the BSE. Powered by Capital Market - Live

NBCC (India) Ltd, LTIMindtree Ltd, Tata Investment Corporation Ltd, JBM Auto Ltd are among the other stocks to see a surge in volumes on NSE today, 28 August 2024.GMM Pfaudler Ltd witnessed volume of 56.3 lakh shares by 14:14 IST on NSE, a 35.43 times surge over two-week average daily volume of 1.59 lakh shares. The stock increased 4.45% to Rs.1,417.80. Volumes stood at 91650 shares in the last session.NBCC (India) Ltd notched up volume of 2576.69 lakh shares by 14:14 IST on NSE, a 12.47 fold spurt over two-week average daily volume of 206.60 lakh shares. The stock rose 11.62% to Rs.198.29. Volumes stood at 84.98 lakh shares in the last session.LTIMindtree Ltd clocked volume of 30.38 lakh shares by 14:14 IST on NSE, a 10.22 times surge over two-week average daily volume of 2.97 lakh shares. The stock gained 6.67% to Rs.6,135.00. Volumes stood at 2.69 lakh shares in the last session.Tata Investment Corporation Ltd notched up volume of 12.35 lakh shares by 14:14 IST on NSE, a 7.5 fold spurt over two-week average daily volume of 1.65 lakh shares. The stock rose 3.48% to Rs.7,642.70. Volumes stood at 11.8 lakh shares in the last session.JBM Auto Ltd notched up volume of 4.6 lakh shares by 14:14 IST on NSE, a 6.39 fold spurt over two-week average daily volume of 72029 shares. The stock rose 2.60% to Rs.1,948.30. Volumes stood at 71984 shares in the last session.Powered by Capital Market - Live

RBL Bank Ltd, Tata Investment Corporation Ltd, Bajaj Holdings & Investment Ltd, NBCC (India) Ltd are among the other stocks to see a surge in volumes on BSE today, 28 August 2024.GMM Pfaudler Ltd notched up volume of 1.03 lakh shares by 10:46 IST on BSE, a 14.72 fold spurt over two-week average daily volume of 6987 shares. The stock rose 11.18% to Rs.1,508.70. Volumes stood at 7035 shares in the last session.RBL Bank Ltd notched up volume of 27.95 lakh shares by 10:46 IST on BSE, a 5.6 fold spurt over two-week average daily volume of 4.99 lakh shares. The stock slipped 0.97% to Rs.228.80. Volumes stood at 4.36 lakh shares in the last session.Tata Investment Corporation Ltd recorded volume of 46759 shares by 10:46 IST on BSE, a 5.25 times surge over two-week average daily volume of 8906 shares. The stock gained 5.79% to Rs.7,799.50. Volumes stood at 50962 shares in the last session.Bajaj Holdings & Investment Ltd witnessed volume of 4451 shares by 10:46 IST on BSE, a 4.5 times surge over two-week average daily volume of 990 shares. The stock increased 1.35% to Rs.10,075.05. Volumes stood at 1216 shares in the last session.NBCC (India) Ltd recorded volume of 43.48 lakh shares by 10:46 IST on BSE, a 3.23 times surge over two-week average daily volume of 13.47 lakh shares. The stock gained 6.05% to Rs.188.40. Volumes stood at 4.04 lakh shares in the last session.Powered by Capital Market - Live

On the BSE 52 Lakh shares traded in the counter as against an average trading volume of 7,606 shares traded in the past two weeks. On the NSE 27.81 lakh shares traded in the counter as against an average trading volume 1,47,903 shares traded in the past three months. About 41.2 lakh shares or 9.2% stake changed hands at price of Rs 1,352 per share, the estimated transaction value is to be Rs 557.3 crore. The buyers and sellers were not disclosed immediately. As on 30 June 2024, the promoters of GMM pfaudler held a 25.18% stake in the company. GMM Pfaudler's principal activity is the manufacture of corrosion-resistant glass lined equipment used primarily in the chemical, pharmaceutical and allied industries. The company also manufactures flouro-polymer products and other chemical process equipment such as agitated nutsche filters, filter driers, wiped film evaporators and mixing systems. The company's consolidated net profit declined 50.1% to Rs 25.26 crore in Q1 FY25 as compared with Rs 50.65 crore in Q1 FY24. Net sales fell 13.9% YoY to Rs 785.20 crore in Q1 FY25.Powered by Capital Market - Live

Net profit of GMM Pfaudler declined 50.13% to Rs 25.26 crore in the quarter ended June 2024 as against Rs 50.65 crore during the previous quarter ended June 2023. Sales declined 13.93% to Rs 785.20 crore in the quarter ended June 2024 as against Rs 912.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales785.20912.27 -14 OPM %11.2714.27 - PBDT73.57118.56 -38 PBT41.1480.10 -49 NP25.2650.65 -50 Powered by Capital Market - Live