GMM Pfaudler Reports Stable Q1 Revenue with Margin Expansion Amid Global Uncertainties

GMM Pfaudler Limited maintained steady revenue of ₹795 crores in Q1 FY26, while consolidated EBITDA climbed 14% year-on-year. The corrosion-resistant technology specialist saw its India operations deliver standout performance, with EBITDA surging 45%.

Margins improved across the board, with consolidated EBITDA reaching 12.7% and standalone hitting 15.7%. A ₹19.8 crore non-cash forex loss tempered net profits at ₹10 crores, masking underlying operational strength.

The company's order book tells a bullish story - intake jumped 14% annually and 52% sequentially to ₹1,004 crores, driving backlog to ₹1,906 crores. Systems and Services segments fueled the growth.

Managing Director Tarak Patel struck a cautiously optimistic tone, noting robust pipelines alongside geopolitical risks. The firm's diversification play continues with a pending acquisition of Brazil's SEMCO.