GMM Pfaudler Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 10:32 am
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GMM Pfaudler Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,560 million compared to INR 7,923.1 million a year ago. Revenue was INR 8,482.8 million compared to INR 7,814 million a year ago. Net income was INR 317.2 million compared to INR 186.7 million a year ago. Basic earnings per share from continuing operations was INR 7.06 compared to INR 4.15 a year ago. Diluted earnings per share from continuing operations was INR 7.05 compared to INR 4.15 a year ago.
For the nine months, sales was INR 27,057.5 million compared to INR 23,116 million a year ago. Revenue was INR 27,152.4 million compared to INR 23,486.5 million a year ago. Net income was INR 1,577.9 million compared to INR 1,281.6 million a year ago. Basic earnings per share from continuing operations was INR 35.1 compared to INR 28.97 a year ago. Diluted earnings per share from continuing operations was INR 35.09 compared to INR 28.96 a year ago.
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.