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gmm pfaudler ltd (505255) Details

GMM Pfaudler Limited designs, manufactures, and markets corrosion resistant glass-lined equipment used primarily in the chemical, pharmaceutical, and allied industries in India and internationally. The company’s Chemical Process Equipment segment offers reactor systems product line, which primarily includes glass-lined corrosion resistant reactors, storage vessels, and alloy steel equipment. Its Mixing System segment provides economix agitators that provide solutions to customer’s mixing requirements, as well as caters to the biotechnology, mining, and wastewater treatment industry. The company’s Filtration & Separation segment offers agitated nutsche filters and filter dryers for separation of solids and liquids, and wiped film evaporators for separation of liquids and liquids. GMM Pfaudler Limited also undertakes design and fabrication of specialized chemical process equipment in alloy steel. The company was formerly known as Gujarat Machinery Manufacturers Limited and changed its name to GMM Pfaudler Limited in 1999. The company was founded in 1962 and is headquartered in Mumbai, India. GMM Pfaudler Limited is a subsidiary of Pfaudler Inc.

Founded in 1962

gmm pfaudler ltd (505255) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 2.5M
Compensation as of Fiscal Year 2014.

gmm pfaudler ltd (505255) Key Developments

GMM Pfaudler Ltd. Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2015 and Consolidated Earnings Results for the Year Ended March 31, 2015

GMM Pfaudler Ltd. announced audited standalone earnings results for the fourth quarter and year ended March 31, 2015 and consolidated earnings results for the year ended March 31, 2015. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 58.650 million compared to INR 55.452 million a year ago. Profit from operations before other income and interests and exceptional items was INR 5.555 million compared to INR 7.619 million a year ago. Profit from ordinary activities before tax was INR 6.263 million compared to INR 7.934 million a year ago. Net profit after tax was INR 4.034 million compared to net profit after tax of INR 4.883 million a year ago. Basic and diluted loss per share was INR 2.76 compared to basic and diluted earnings per share of INR 3.34 a year ago. For the year, on a standalone basis, the company reported net sales/income from operations of INR 220.726 million compared to INR 196.764 million a year ago. Profit from operations before other income and interests and exceptional items was INR 23.272 million compared to INR 19.795 million a year ago. Profit from ordinary activities before tax was INR 26.104 million compared to INR 21.667 million a year ago. Net profit after tax was INR 17.203 million compared to net profit after tax of INR 14.285 million a year ago. Basic and diluted earnings per share were INR 11.77 compared to basic and diluted earnings per share of INR 9.77 a year ago. For the year, on a consolidated basis, the company reported net sales/income from operations of INR 304.272 million compared to INR 274.953 million a year ago. Profit from operations before other income and interests and exceptional items was INR 26.116 million compared to INR 24.320 million a year ago. Profit from ordinary activities before tax was INR 28.185 million compared to INR 27.085 million a year ago. Net profit after tax was INR 18.867 million compared to net profit after tax of INR 19.062 million a year ago. Basic and diluted earnings per share were INR 12.91 compared to basic and diluted earnings per share of INR 13.04 a year ago.

Gmm Pfaudler Ltd. Announces Management Changes; Recommends Final Dividend for the Year 2014

GMM Pfaudler Ltd. announced that the Board of Directors of the company at its meeting held on May 19, 2015, announced that Mr. Ashok J. Petal has tendered his resignation as Managing Director of the company with effect from May 31, 2015 and will continue his services as Non Executive Director of the company. Mr. Tarak A. Patel is appointed as Managing Director of the company with effect from June 01, 2015 for a period of five years subject to confirmation of shareholders at the ensuing Annual General Meeting. The company recommended final dividend INR 0.90 per share on 14,617,500 equity shares of face value of INR 2 each, aggregating to INR 13,155,750 for the year 2014-15. The dividend if approved by the Members the dividend warrants will be dispatched/remitted within 30 days commencing from the day after the ensuing Annual General Meeting.

GMM Pfaudler Ltd. Appoints Soha Shirke as Director

GMM Pfaudler Ltd. at its Board Meeting held on May 19, 2015, announced that Ms. Soha Shirke has been appointed as Director nominated by Pfaudler Inc., USA with immediate effect to fill in casual vacancy of Mr. Sudipta Sengupta who resigned with effect from March 30, 2015.

 

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