GMM Pfaudler Ltd reports consolidated PAT of Rs. 26.85 crore in Q2

GMM PFAUDLER LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.188.26 crores during the period ended September 30, 2020 as compared to Rs.157.15 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.26.85 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.19.19 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.18.37 for the period ended September 30, 2020 as compared to Rs.13.13 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 188.26 crs	₹ 157.15 crs	19.8%
Net Profit	₹ 26.85 crs	₹ 19.19 crs	39.92%
EPS	₹ 18.37	₹ 13.13	39.91%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.188.26 crores during the period ended September 30, 2020 as compared to Rs.153.33 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.26.85 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.20.79 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.18.37 for the period ended September 30, 2020 as compared to Rs.14.22 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 188.26 crs	₹ 153.33 crs	22.78%
Net Profit	₹ 26.85 crs	₹ 20.79 crs	29.15%
EPS	₹ 18.37	₹ 14.22	29.18%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.345.41 crores during the 6 months period ended September 30, 2020 as compared to Rs.304.93 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.46.04 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.38.48 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.31.50 for the 6 months period ended September 30, 2020 as compared to Rs.26.33 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 345.41 crs	₹ 304.93 crs	13.28%
Net Profit	₹ 46.04 crs	₹ 38.48 crs	19.65%
EPS	₹ 31.50	₹26.33	19.64%

Commenting on the Company's performance for Q2FY21, Mr. Tarak Patel, Managing Director said "This has been a very strong quarter for us where we have managed to significantly improve revenue and profitability. The improvement in profitability is expected to continue on the back of incremental revenue, operating leverage, and some of our strategic initiatives paying off. Our Hyderabad manufacturing facility is now up and running and we expect to close the Pfaudler Inc acquisiton by the end of the year."

He added, "We remain confident on the long term prospects of the Company."

Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.3612.65 as compared to the previous close of Rs. 3634. The total number of shares traded during the day was 6857 in over 2241 trades.

The stock hit an intraday high of Rs. 3660 and intraday low of 3597.8. The net turnover during the day was Rs. 24877473.

Source : Equity Bulls

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