Saurabh Mukherjee’s chemical stock rises 18% after first quarter revenue rise

on Thursday, GMM Pfaudler announced its Q1 results for the financial year 2022-23. In this quarterly results, the company reported a 34 per cent growth in its Q1 revenue and its EBITDA margin at 13.20 per cent, which was about 6.70 per cent better than its Q1FY22 EBI/TDA margin. The company has been able to improve its order intake by around 24 per cent due to better performance in the international business.

The company also announced the acquisition of a 100% stake in Hydro Air Research Italia SRL, based in Milan, Italy, for a total consideration. 38.24 crores. The transaction is funded through internal sources and is expected to be completed in August 2022.

while speaking GMM Pfaudler’s Q1 Results For FY23, Tarak Patel, Managing Director, said, “Our focus on performance and cost control has helped us achieve a strong Q1 performance, where we grew revenue and improved margins. We recorded significantly higher order intakes this quarter, adding to our backlog and placing us in a strong position for the quarters to come. While commodity prices have moderated in the past few months, energy costs remain a cause for concern.”

The shares of GMM Pfaudler are one of the three Little Champ stocks that have been selected by Saurabh Mukherjee, Founder and Chief Investment Officer, Marcellus Investment Managers. Saurabh Mukherjee believes that GMM Pfaudler can become a global leader in glass lined and ceramic reactors after the acquisition of Pfaudler. It covers 85 percent of the market share in India and 55 percent of the global business after the acquisition of the Indian company.

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