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08-Aug-2024

GMM Pfaudler

Net down 50% largely on weak operating show


'Consolidated net sales (including other operating income) of GMM Pfaudler for the quarter ended Jun 2024 has declined 13.93% to Rs 785.2 crore.  Sales of India segment has gone down 18.44% to Rs 213.04 crore (accounting for 27.13% of total sales).  Sales of Overseas segment has gone down 12.12% to Rs 572.16 crore (accounting for 72.87% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 37.67% to Rs 66.14 crore.  PBIT of India segment fell 42.13% to Rs 21.80 crore (accounting for 32.96% of total PBIT).  PBIT of Overseas segment fell 35.22% to Rs 44.34 crore (accounting for 67.04% of total PBIT).  

PBIT margin of India segment fell from 14.42% to 10.23%.  PBIT margin of Overseas segment fell from 10.51% to 7.75%.  Overall PBIT margin fell from 11.63% to 8.42%.  

Operating profit margin has declined from 14.27% to 11.27%, leading to 31.99% declin...



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