Select Page

GMM Pfaudler soars 14% to hit a new high, rallies 29% in one week

Written by

April 20, 2020

Business Standard

GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industry segments.


SI Reporter  | 
Mumbai 

Last Updated at April 20, 2020 11:32 IST




GMM Group's manufacturing facility at Ahmedabad (Gujarat), India

GMM Group’s manufacturing facility at Ahmedabad, Gujarat.

Shares of rallied 14 per cent to hit an all-time high of Rs 3,525 on the BSE on Monday on the back of heavy volumes. The stock surpassed its previous high of Rs 3,461, touched on February 19, 2020.

is a leading supplier of process equipment to the pharmaceutical and chemical industry segments. In the past one week, the stock has rallied 29 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex. It has zoomed 85 per cent from Rs 1,907 touched on March 19, 2020.

The company’s order book continues to remain healthy on the back of strong demand from the chemical and pharmaceutical sectors. The management, while announcing December quarter results on January 23, had said that the company will selectively add capacity looking at the robust demand environment.

The company had reported a strong 60 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 59.5 crore for the nine month ended December 2019 (9MFY20). It had a profit of Rs 37.3 crore during the same period a year-ago. Operating revenue increased by 26 per cent to Rs 459 crore from Rs 363 crore in the corresponding quarter of the previous fiscal. Earnings before interest, tax, depreciation, and amortisation (Ebitda) improved by 300 basis points (bps) to 19 per cent versus 16 per cent in 9MFY19.

has diversified its product portfolio to include mixing systems, filtration & Drying equipment, engineered systems and heavy engineering equipment.

At 11:01 am, the stock was up 10 per cent at Rs 3,418 on the BSE, against 0.80 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled as around 83,000 shares changed hands on the NSE and BSE.

First Published: Mon, April 20 2020. 11:05 IST


‘;if(neverShowNotificaitonCookie==”||neverShowNotificaitonCookie==’undefined’||neverShowNotificaitonCookie==null){var lastReminderCookie=getCookie(‘_ler’+loginParamObj.uId);if((lastReminderCookie==””)||(lastReminderCookie==”undefined”)||(lastReminderCookie==null)){$(‘body’).prepend(notificationBox);}else{if(lastReminderCookie‘);$(“#loading_invoice”).show();var _id=this.id;$.ajax({“type”:”POST”,”url”:”https://api.business-standard.com/user/api/generate-user-invoice”,”data”:{“request_id”:loginParamObj.uId},”success”:function(data){$(“#generate_invoice”).text(‘click here’);resopnseObject=JSON.parse(data);if(resopnseObject.status==’success’){if(resopnseObject.tinyUrl!=””||resopnseObject.tinyUrl!=null){$(“#notification_message”).html(‘Your invoice has been sucessfully generated.
Please click here to pay ‘);window.open(resopnseObject.tinyUrl,”_blank”);if($(“#generate_invoice_manage”).length>0){location.reload();}generateInvoice2=function(){};}else{alert(“Your invoice has been successfully generated. Please check your mail.”);generateInvoice2=function(){alert(“Your invoice has been successfully generated. Please check your mail.”);};}}else{alert(“Your request has been registered by us. We will contact you soon”);generateInvoice2=function(){alert(“Your request has been registered by us. We will contact you soon”);};remindNotificationLater(loginParamObj.uId);}$(“#loading_invoice”).hide();}});return false;}}}}}});function remindNotificationLater(userId){var currentTimestamp=Math.floor(Date.now()/1000);var tempTime=new Date(currentTimestamp*1000);var lastExpNotification=Math.floor(tempTime.setMinutes(tempTime.getMinutes()+60)/1000);var d=new Date();d.setTime(d.getTime()+(60*60*1000));var expires=”expires=”+d.toUTCString();document.cookie=”_ler”+userId+”=”+lastExpNotification+”; “+expires+”; path=/”;$(‘#endSubscriptionNotification’).remove();}function closeNotificationForever(userId){var neverShowNotificaitonCookie=getCookie(‘_nsn’);neverShowNotificaitonCookie+=”,”+userId;var d=new Date();d.setTime(d.getTime()+(30*24*60*60*1000));var expires=”expires=”+d.toUTCString();document.cookie=”_nsn=”+neverShowNotificaitonCookie+”; “+expires+”; path=/”;$(‘#endSubscriptionNotification’).remove();}function popupOpen(shareHref){var fullHref=shareHref+window.location.href;window.open(fullHref,’fbShareWindow’,’height=450, width=550, top=’+($(window).height()/2-275)+’, left=’+($(window).width()/2-225)+’, toolbar=0, location=0, menubar=0, directories=0, scrollbars=0′);}

You May Also Like…

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *