Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — Q2 FY26 Earnings Presentation
29 slides from Gmm Pfaudler's earnings presentation, Nov 6, 2025
Slide 1: Exchange filing cover letter
GMM/SEC/2025-26/58 November 6, 2025 To, BSE Limited National Stock Exchange of India Limited Scrip Code: 505255 Symbol: GMMPFAUDLR Sub.: Investor Presentation on the Unaudited Standalone and Consolidated Financial Results of GMM Pfaudler Limited (“the Company”) for the quarter and half year ended Se
Slide 2: Earnings Presentation Q2 & H1 FY26
Rooted in Strength Aligned for Tomorrow Earnings Presentation Q2 & H1 FY26 November 6, 2025 X Logo Replaces Twitter's Famous Bird: Everything You Need to Know About X's Rebranding Linkedin logo vector, Linkedin symbol, Linkedin icon free vector 18910721 Vector Art at Vecteezy www.gmmpfaudler.com
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by GMM Pfaudler Limited (the “Company”) and forms a part of its intellectual property which is solely for the purposes of your general information and shall not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectl
Slide 4: Snapshot – Q2 FY26
Snapshot – Q2 FY26 ₹ 902 crore ₹ 122 crore 13.5% Revenue EBITDA EBITDA Margin ₹ 39 crore 4.4% ₹ 9.22 PAT PAT Margin EPS ₹ 878 crore ₹ 2,146 crore Order Intake Order Backlog 3
Slide 5: Highlights – Q2 FY26
Highlights – Q2 FY26 Performance Highlights ▪ Revenue up 14% QoQ & 12% YoY. ▪ EBITDA up 20% QoQ & 27% YoY (EBITDA margin at 13.5%). ▪ Revenue for H1 FY26 up 7% YoY & EBITDA up 21% YoY. ▪ Order Intake of ₹ 878 crores for Q2 FY26, Order Backlog of ₹ 2,146 crores. ▪ Acquisition of SEMCO Tecnologia em P
Slide 6: Consolidated Results – Q2 FY26
Consolidated Results – Q2 FY26 Figures in ₹ crores REVENUE EBITDA 14% 12% 20% 27% 902 122 795 805 101 95 13.5% 12.7% 11.8% Q2 FY26 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY26 Q2 FY25**^ PROFIT AFTER TAX ORDER BACKLOG 288% 136% 13% 21% 39 2,146 1,906 1,773 17 10 4.4% 1.3% 2.1% Q2 FY26 # Q1 FY26 # Q2 FY25 #**^ Q2
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet Figures in ₹ crores Particulars 30.09.25 31.03.25 Particulars 30.09.25 31.03.25 Shareholder's equity 1,176 1,023 Fixed Assets 654 613 Non-controlling interest 28 7 Goodwill & Intangibles 787 564 Borrowings 866 651 Receivables 475 387 Unfunded pension liabilities 312 282 In
Slide 8: Consolidated Working Capital Summary
Consolidated Working Capital Summary Figures in ₹ crores Inventory Summary 30.09.25 31.03.25 Receivables Summary 30.09.25 31.03.25 Inventory 670 540 Trade Receivables 475 387 Receivable days 52 44 Customer advances 299 236 Net funding for inventory 371 304 Payables Summary 30.09.25 31.03.25 Backlog
Slide 9: Consolidated Cash Flow Statement – H1 FY26
Consolidated Cash Flow Statement – H1 FY26 Figures in ₹ crores BUSINESS CASH APPLICATION INVESTING & FINANCING GENERATION OF CASH 179 -30 96 445 -180 74 410 -27 -38 -4 -25 88 -101 -67 ₹ 245 crores (₹ 207 crores) (₹ 73 crores) Profit Before Tax T a x e s P a i d N e t C a p e x D i v i d e n d Acquis
Slide 10: Order Intake and Backlog Trend
Order Intake and Backlog Trend Figures in ₹ crores Order Intake Order Backlog 2,146 1,004 1,906 882 1,777 1,773 1,740 861 878 1,625 1,689 1,636 762 798 756 660 9
Slide 11: Shareholder Summary
Shareholder Summary Figures in % terms Institutional Holdings Investor Category Sep 30, Jun 30, Increase/ 2025 2025 Decrease 46% 46% 46% 44% 40% Foreign Portfolio Investors & 29.92 30.18 0.26 ↓ Foreign Companies Mutual Funds 13.25 13.15 0.10 ↑ Alternate Investments Funds 1.59 1.22 0.37 ↑ Insurance C
Slide 12: Annexures
Annexures 11 GMM Pfaudler
Slide 13: Consolidated Results
Consolidated Results 12 GMM Pfaudler
Slide 14: Consolidated Results – H1 FY26
Consolidated Results – H1 FY26 Figures in ₹ crores REVENUE EBITDA 7% 21% 1,697 223 1,591 184 13.1% 11.6% H1 FY26 H1 FY25 H1 FY26 H1 FY25^# PROFIT AFTER TAX ORDER INTAKE 29% 14% 1,882 1,644 50 39 2.9% 2.4% H1 FY26 H1 FY25^ H1 FY26 H1 FY25 # Restated for final fair values of Purchase Price Allocation
Slide 15: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Figures in ₹ crores Particulars Q2 FY26 Q1 FY26 Q-O-Q Q2 FY25^ Y-O-Y Operational Income 902 795 13% 805 12% Material Cost 331 291 14% 325 2% Other Costs 449 403 12% 385* 17% Total Operating Expenses 780 694 13% 710 10% EBITDA 122 101 21% 95 28% EBITDA Mar
Slide 16: Standalone Results
Standalone Results 15 GMM Pfaudler
Slide 17: Standalone – Q2 FY26
Standalone – Q2 FY26 Figures in ₹ crores REVENUE EBITDA 18% 31% 8% 61% 272 39 36 231 24 208 14.4% 15.7% 11.7% Q2 FY26 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY26 Q2 FY25* PROFIT AFTER TAX ORDER BACKLOG 22% 119% 2% -6% 20 536 17 506 497 9 7.5% 7.2% 4.5% Q2 FY26 Q1 FY26 Q2 FY25* Q2 FY26 Q1 FY26 Q2 FY25 i. * EBITD
Slide 18: Standalone – H1 FY26
Standalone – H1 FY26 Figures in ₹ crores REVENUE EBITDA 17% 53% 503 75 431 49 15.0% 11.5% H1 FY26 H1 FY25 H1 FY26 H1 FY25^ PROFIT AFTER TAX ORDER INTAKE 120% -9% 37 508 460 17 7.4% 3.9% H1 FY26 H1 FY25^ H1 FY26 H1 FY25 17 i. ^ EBITDA & PAT is before considering one-time costs for the India EBITDA tr
Slide 19: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Figures in ₹ crores Particulars Q2 FY26 Q1 FY26 Q-O-Q Q2 FY25 Y-O-Y Operational Income 272 231 18% 208 31% Material Cost 129 108 19% 110 17% Other Costs 104 87 20% 74* 41% Total Operating Expenses 233 195 19% 184 27% EBITDA 39 36 8% 24 63% EBITDA Margin (%)
Slide 20: Standalone Balance Sheet
Standalone Balance Sheet Figures in ₹ crores Particulars 30.09.25 31.03.25 Particulars 30.09.25 31.03.25 Fixed Assets 169 175 Shareholder's equity 817 785 Goodwill & Intangibles 11 12 Borrowings 276 221 Investments 523 519 Receivables 128 110 Trade payables 118 99 Inventory 143 82 Cash and cash equi
Slide 21: Standalone Working Capital Summary
Standalone Working Capital Summary Figures in ₹ crores Inventory Summary 30.09.25 31.03.25 Receivables Summary 30.09.25 31.03.25 Inventory 143 82 Trade Receivables 128 110 Receivable days 47 44 Customer advances 78 36 Net funding for inventory 65 46 Payables Summary 30.09.25 31.03.25 Backlog 506 549
Slide 22: Standalone Cash Flow Statement – H1 FY26
Standalone Cash Flow Statement – H1 FY26 Figures in ₹ crores BUSINESS CASH APPLICATION INVESTING & FINANCING GENERATION OF CASH 35 50 -13 77 17 9 -22 -86 -9 -12 -4 -4 -4 ₹ 72 crores (₹ 95 crores) ₹ 31 crores Opening ProfitProfit Working N e t C a p e x Net Closing Before Tax Non-cash/ T a xTaxes e s
Slide 23: International Results
International Results 22 GMM Pfaudler
Slide 24: International Results – Q2 FY26
International* Results – Q2 FY26 Figures in ₹ crores REVENUE EBITDA 11% 7% 35% 14% 656 613 82 589 72 61 12.5% 10.4% 11.8% Q2 FY26 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY26 Q2 FY25** PROFIT AFTER TAX ORDER BACKLOG - 126% 15% 30% 19 1,661 1,450 8 1,278 -6.1% -94.9% 2.9% 4.9% -1.6% 1.4% 1.0% Q2 FY26^ Q1 FY26^ Q2
Slide 25: International Results – H1 FY26
International* Results – H1 FY26 Figures in ₹ crores REVENUE EBITDA 4% 9% 1,245 143 131 1,193 11.5% 11.0% H1 FY26 H1 FY25 H1 FY26 H1 FY25# PROFIT AFTER TAX ORDER INTAKE -49% 24% 1,465 1,178 19 10 0.8% 1.6% H1 FY26 H1 FY25# H1 FY26 H1 FY25 24 * Includes Mavag & PFI, gross of inter-company elimination
Slide 26: Segmental Results
Segmental Results 25 GMM Pfaudler
Slide 27: Segmental Overview – Q2 FY26
Segmental Overview – Q2 FY26 Consolidated Standalone International 10% Technologies 28% 6% 12% 35% Revenue Systems 51% 60% 84% Services 14% Consolidated Standalone International Technologies 9% 31% 39% Systems Order Intake 18% 49% 41% 73% 20% 20% Services Note: Standalone and International breakdown
Slide 28: Segmental Overview – H1 FY26
Segmental Overview – H1 FY26 Consolidated Standalone International 9% Technologies 28% 10% Revenue 14% 36% Systems 49% 58% 81% Services 15% Consolidated Standalone International Technologies 8% 28% 34% Order Intake 15% 34% Mixing 43% Systems 29% 77% 32% Services Note: Standalone and International br
Slide 29: Thank You
Rooted in Strength Aligned for Tomorrow Thank You Investor Relations Contact Dhaval Rajput Anuj Sonpal GMM Pfaudler Limited Valorem Advisors T: +91 22 6650 3900 T: +91 22 4903 9500 E: investorrelations@gmmpfaudler.com E: gmmpfaudler@valoremadvisors.com www.gmmpfaudler.com