During Tuesday’s trading session, the shares of a global leader in glass-lined equipment surged nearly 3 percent to Rs. 1,247.5 on BSE, after a foreign portfolio investor (FPI) bought shares worth a total of around Rs. 167.4 crores in the company via a bulk deal.
With a market capitalisation of Rs. 5,524 crores, at 02:19 p.m., the shares of GMM Pfaudler Limited were trading in the green at Rs. 1,228.7, up by nearly 1.4 percent, as compared to its previous closing price of Rs. 1,211.3.
What’s the News:
As per the latest block deal available with the NSE, foreign portfolio investor Amansa Holdings Private Limited bought nearly 13.94 lakh equity shares, equivalent to a 3.1 percent stake, in GMM Pfaudler through an open market transaction for about Rs. 167.4 crores, at an average price of Rs. 1,200 per share.
According to the September 2024 shareholding pattern, Amansa Holdings held around 4.53 lakh equity shares, or a 1.01 percent stake, in the company.
However, on the seller side, Blend Fund 2 and Unifi Capital Private Limited collectively offloaded a total of about 10.27 lakh equity shares in the company at the same average price, bringing the total deal value to nearly Rs. 123.3 crores.
Financials:
GMM Pfaudler reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 14 percent, falling from Rs. 937 crores in Q2 FY24 to Rs. 805 crores in Q2 FY25.
Likewise, during the same period, the company’s net profit decreased from Rs. 67 crores to Rs. 17 crores, representing a decline of around 74.6 percent YoY.
EBITDA for Q2 FY25 decreased by 35 percent YoY to Rs. 93 crores, down from Rs. 142crores in Q2 FY24, while the operating EBITDA margins also declined by 354 bps to 11.6 percent, from 15.1 percent, over the same period.
In Q2 FY25, the order intake of GMM Pfaudler remained steady at Rs. 762 crores, while for H1 FY25 it grew by 18 percent and stood at Rs. 1,644 crores compared to H1 FY24. Additionally, the order backlog increased 4 percent YoY reaching Rs. 1,773 crores.
Stock Performance:
The stock has delivered negative returns of nearly 18.5 percent in one year, as well as around 4 percent returns in the last six months. So far in 2024, the shares of GMM Pfaudler have given negative returns of about 22.6 percent.
About the Company:
Incorporated in 1962, GMM Pfaudler Limited, formerly Gujarat Machinery Manufacturers Limited, is the leading technologies, systems and services provider for the chemical and pharmaceutical industries, as well as many others.
The company is engaged in the business of designing, manufacturing, installing and servicing corrosion-resistant equipment and complete chemical process systems, customized as per the requirements of the customers.
Written by Shivani Singh
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