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GMM Pfaudler (505255) investor relations material
GMM Pfaudler Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the nine months increased 8% year-over-year to ₹2,580.39 crore, with EBITDA up 14% to ₹327 crore and margins stable to slightly improved.
Q3 FY26 consolidated revenue was ₹883.50 crore, up 10% year-over-year, with EBITDA at ₹105 crore and margin of 11.9%.
Order intake for Q3 FY26 reached ₹961 crore, up 9% sequentially and 20% year-over-year; backlog reached an all-time high of ₹2,205 crore, up 27% year-over-year.
Diversification strategy is gaining traction, with 50% of order intake and backlog now from non-traditional industries outside chemicals and pharma.
PAT for Q3 FY26 was ₹32 crore, with an adjusted PAT margin of 3.6% after accounting for exceptional items.
Financial highlights
Nine-month consolidated revenue rose 8% year-over-year to ₹2,580.39 crore; EBITDA increased 14% to ₹327 crore, margin at 12.7%.
Q3 FY26 EBITDA margin was 11.9%, down from 13.5% in Q2 FY26; PAT was ₹32 crore, down 19% sequentially and 31% year-over-year, impacted by exceptional items.
Standalone Q3 FY26 revenue was ₹242.42 crore, up 2% year-over-year; EBITDA margin at 13.8%.
International Q3 FY26 revenue was ₹663 crore, up 10% year-over-year; EBITDA margin at 10.0%.
Gross margin for the quarter was 60.1%, down from 63% in previous quarters, attributed to product mix.
Outlook and guidance
Q4 is expected to be strong in India for both revenue and shipments, with continued order intake momentum.
Management targets a mid-term EBITDA margin of 16%-18%, contingent on global economic recovery and operational improvements.
The company continues to monitor regulatory changes, especially regarding new labour codes, and will adjust financial reporting as needed.
No specific FY27 growth guidance provided; management will update after Q4.
India business continues to improve, driven by investments in Pharma, Oil & Gas, and Nuclear, while Chemicals remain weak.
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