Process equipment manufacturer GMM Pfaudler Ltd on Wednesday (May 21) reported a net loss of ₹27 crore for the January-March quarter against a net profit of ₹27.6 crore in Q4FY24.
The loss excludes one-time closure costs amounting to ₹47.7 crore, which included severance pay, inventory write-offs, asset impairments, and other expenses. The total exceptional costs net of tax stood at ₹43 crore for Q4FY25 and ₹50.4 crore for the full fiscal year.
The company’s revenue from operations increased 8.9% year-on-year (YoY) to ₹806.6 crore versus ₹740.7.
At the operating level, EBITDA fell 57.5% to ₹83.3 crore in the fourth quarter of this fiscal over ₹89.8 crore a year ago. The EBITDA margin narrowed by almost 200 basis points to 10.3% compared to 12.1 % in the corresponding period of the previous fiscal.
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GMM Pfaudler’s India operations reported a revenue of ₹252 crore and EBITDA of ₹44 crore, reflecting a margin of 17.4%. Profitability saw significant improvement in the second half of the fiscal year, driven by higher volumes, a favourable product mix, and an ongoing cost optimisation programme.
The company noted that the benefits of these initiatives are expected to continue into FY26. The opening order backlog for FY26 stands at ₹549 crore, a 20% increase over the previous year.
On a consolidated basis, GMM Pfaudler reported an order intake of ₹3,102 crore in FY25, a 3% YoY increase. The consolidated order backlog, however, declined 3% to ₹1,636 crore.
The company continues to optimise its global manufacturing footprint, having completed the closure of its Hyderabad facility in India and is on track to shut down its Leven, UK, site by Q2 FY26.
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It has also established a low-cost manufacturing site in Poland, where a capacity enhancement programme has been initiated. GMM Pfaudler generated a strong free cash flow of ₹318 crore in FY25, an improvement of ₹97 crore over the previous fiscal year.
The board has recommended a final dividend of ₹1 per equity share (face value ₹2) for FY25, which is subject to shareholder approval at the upcoming 62nd AGM. Including the interim dividend, the total dividend for the year stands at ₹2 per equity share. The record date for the final dividend will be announced in due course.
The results came after the close of the market hours. Shares of GMM Pfaudler Ltd ended at ₹1,265.85 apiece, up by ₹65.35, or 5.44%, on the BSE.
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