Order backlog stands at Rs. 1,740 crore, up 7% compared to December 31, 2023
GMM Pfaudler Limited, global leader in glass-lined equipment, announces its third quarter (Q3 FY25) and nine months results (9M FY25) for the period ended December 31, 2024.
The company has posted PAT of Rs. 40 crore in Q3 FY25 and revenue of Rs. 801 crore. For the 9 months ended December 31, 2024,GMM Pfaudler has posted revenue of Rs. 2,392 crore and PAT of Rs. 77 crore.
Meanwhile, the company's Q3 FY25 order intake at Rs. 798 crore up 5% compared to Q2 FY25, 9M FY25 Order Intake at Rs. 2,442 crore up 13% compared to 9M FY24. Order backlog stands at Rs. 1,740 crore, up 7% compared to December 31, 2023.
Commenting on the company’s Q3 FY25 results, Tarak Patel, Managing Director said, "The general weakness in chemical industry continues, negatively impacting capex cycles and new investments. Despite this slowdown, our shipment, order intake and backlog for this quarter remain stable. Our diversification strategy continues to pay rich dividends as we have made up some of this shortfall from new industry verticals such as oil & gas, petrochemicals,semiconductor and metals & minerals.”
He further added, "While the outlook remains stable for this financial year, we continue to focus our efforts on strengthening our market share, reducing costs and improving efficiencies."
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