GMM Pfaudler (GMMP), a leading supplier of process equipment to the pharmaceutical and chemical industry segments, Q3 FY 21 operating revenue has increased to Rs 165.7 crores, a jump of 21% YoY over Q3 FY20.

The EBITDA increased to Rs. 40.3 crores, up 41% YoY versus Rs. 28.7 crores during Q3 FY20. PAT stood at Rs. 22.2 crores, up 14% YoY versus Rs. 19.4 crores during Q3 FY 20. 

Commenting on the Company’s performance for Q3 FY21, Tarak Patel, Managing Director said, “We are pleased to announce yet another quarter of strong performance. Our end user segments continue to do well led by a strong recovery in the pharmaceutical sector, resulting in a healthy order backlog across all our product lines. Our newly acquired manufacturing facility in Hyderabad is up and running along with our new gas furnaces in Gujarat. In reference to the acquisition of the international business of the Pfaudler Group, we have received all foreign investment and antitrust approvals and we expect to close the transaction soon.”

“The overall business environment looks very promising and we expect all our business lines to do well,” added Patel.

GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industries. The company holds a majority stake of 54 percent in the parent Pfaudler Group and is the market leader with more than five decades’ experience in manufacturing Glass Lined Equipment. It currently operates three facilities in Karamsad, Gujarat; Pune, Maharashtra; and Hyderabad, Telangana.

Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipment and is today a one stop shop for the chemical process industry.