GMM Pfaudler

GMM Pfaudler reported a stable Q3 FY26 with revenue and profitability in line with expectations, but the highlight was a strong order intake of ₹961 croreCurrent ₹961 crore. Reported change: +20% YoY. (+9% QoQ, +20% YoY), driving the backlog to a record ₹2,205 croreCurrent ₹2,205 crore. Reported change: +27% YoY. (+27% YoY). The 9-month revenue grew 8% YoYCurrent reported value: 8% YoY. No comparable prior figure is available in the source record. and EBITDA rose 14% YoYCurrent reported value: 14% YoY. No comparable prior figure is available in the source record., with margins improving to 12.7% (9M basis) from 12% last year. Diversification into non-traditional sectors (defense, nuclear, metals) now accounts for 50%Current 50%. Reported change: +8pp YoY. of orders, offsetting weakness in chemicals and Europe. Management expects Q4 to be strong in India and maintains a medium-term EBITDA margin target of 16-18%, though near-term headwinds from global uncertainty and underperforming units (Germany, China) persist. Key risk: a prolonged downturn in European chemical/pharma markets could delay margin recovery.