GMM Pfaudler Limited Reports Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 24, 2017 at 03:20 pm IST
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GMM Pfaudler Ltd. reported standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 658.39 million against INR 599.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 87.10 million against INR 74.97 million a year ago. Profit before tax was INR 90.51 million against INR 78.03 million a year ago. Net profit was INR 58.32 million or INR 3.99 per basic and diluted share against INR 50.91 million or INR 3.48 per basic and diluted share a year ago. Total Operating revenue was INR 666 million as compared to INR 605 million reflecting an increase of 10%. EBITDA (including other income) stood at INR 112 million as compared to INR 96 million reflecting an increase of 17%.
For the nine months, the company reported net sales/income from operations of INR 1,846.01 million against INR 1,675.89 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 247.83 million against INR 169.94 million a year ago. Profit before tax was INR 260.95 million against INR 190.32 million a year ago. Net profit was INR 172.10 million or INR 11.77 per basic and diluted share against INR 125.73 million or INR 8.60 per basic and diluted share a year ago. Total Operating revenue was INR 1,869 million as compared to INR 1,699 million reflecting an increase of 10%. EBITDA (including other income) stood at INR 322 million as compared to INR 245 million reflecting an increase of 31%.
GMM Pfaudler Limited is an India-based company that is engaged in manufacturing 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 segments include India and Overseas. It provides solutions for a myriad of applications, such as reaction, evaporation, acid recovery, distillation, filtration and drying. Its services include glass-lined technology, lab, and process glass, mixing technology, sealing technology, alloy process equipment, fluoropolymers, and membrane separation systems. The Companyâs manufacturing unit is located at Karamsad and Vatva, Gujarat and Hyderabad, Telangana It serves various industries, including chemical, pharmaceutical, food and beverage, and oil and gas. It has 16 manufacturing facilities.