Home / Business and Economy / GMM Pfaudler Swings to Q3 Loss Despite Revenue Growth
GMM Pfaudler Swings to Q3 Loss Despite Revenue Growth
6 Feb
Summary
- GMM Pfaudler reported a ₹8 crore net loss in Q3, a sharp contrast to last year's profit.
- Revenue from operations grew 10.3% year-on-year to ₹883.5 crore in the third quarter.
- EBITDA increased 10% year-on-year to ₹105.5 crore, though margins remained flat.
GMM Pfaudler Limited announced a net loss of ₹8 crore for the third quarter, a substantial change from the ₹41.8 crore profit recorded in the prior year's corresponding quarter. This downturn occurred even as the company experienced year-on-year growth in both revenue and operational performance.
Revenue from operations climbed by 10.3% to ₹883.5 crore in the third quarter, compared to ₹801 crore in the same period last year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) saw a 10% increase, reaching ₹105.5 crore from ₹96 crore a year earlier. However, the EBITDA margin remained stable at 12%, suggesting limited operating leverage.
In contrast, the second quarter performance showed a strong profit of ₹41.4 crore. Revenue was ₹902 crore, up 12% year-on-year, and EBITDA rose 31% to ₹121.4 crore with an expanded margin of 13.4%. Shares of GMM Pfaudler Limited closed lower at ₹991.70 on the NSE.
