Business EconomyPosted at: Aug 7 2024 6:34PM


GMM Pfaudler net profit at Rs 24 cr in Q1

New Delhi, Aug 7 (UNI) GMM Pfaudler Limited, glass-lined equipment maker, on Wednesday announced net profit of Rs 24 crore in the first quarter (April-June) of current financial year 2024-25 on a revenue of Rs 785 crore during the quarter.
Commenting on the Company’s Q1 FY25 results, Mr. Tarak Patel, Managing Director said, "We are happy to announce a good start to the financial year. Order intake has seen a strong recovery over the last 2 quarters, with this quarter having the highest order intake over the last 8 quarters, our product mix continues to evolve in line with our diversification strategy. Our backlog is up 5%, and the opportunity pipeline remains stable."
Revenue and Profitability remains stable with strong execution across geographies, the company said, adding it has strong order intake of Rs 882 crore, driven mainly by heavy engineering, mixing technologies and systems. The order backlog stands at Rs 1,777 crore, up 5% Q-o-Q basis.
Patel further added, "This year, we are set to launch our three-year strategic plan, which will highlight growth opportunities across our platforms and regions. The plan puts emphasis on operational excellence, value sourcing, and deeper integration across geographies."
GMM Pfaudler Limited 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.
UNI SKB CS1835
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