GMM Pfaudler posts 10% revenue growth in FY26, but margin pressure persists

GMM Pfaudler Limited on Thursday reported consolidated revenue of ₹3,524 crores for FY26, a 10 per cent increase year-on-year, while profit after tax rose 5 per cent to ₹52 crores. The engineering company, listed on the NSE at ₹855 as of Thursday’s close — down roughly 33 per cent over the past year — held its earnings conference call the same evening.

For the fourth quarter ended March 31, 2026, consolidated revenue came in at ₹944 crores, up 17 per cent year-on-year. However, EBITDA for Q4 fell 10 per cent to ₹75 crores, reflecting margin pressure from geopolitical tensions in West Asia and broader macroeconomic headwinds. Full-year EBITDA grew 11 per cent to ₹403 crores, with a margin of 11.4 per cent.

Order intake for the full year rose 20 per cent to ₹3,714 crores, driven by orders from non-traditional segments including defence, oil and gas, and nuclear. The closing order backlog stood at ₹2,194 crores, up 34 per cent year-on-year, providing near-term revenue visibility.

India operations outperformed the consolidated entity, with revenue up 12 per cent to ₹1,034 crores and PAT up 40 per cent to ₹59 crores for the full year. The international business, particularly in Europe, remained under strain.

The company has been restructuring its European operations — it shut its UK facility and reduced headcount in Germany, France, and Switzerland. A new manufacturing facility in Poland has commenced operations as a lower-cost production base for the region.

On the leadership front, GMM Pfaudler appointed Gregory Gelhaus as Group Chief Executive Officer and Ankit Nayyar as Deputy Chief Financial Officer.

The board recommended a final dividend of ₹1 per share, taking the total payout for FY26 to ₹2 per share, subject to shareholder approval.

Published on May 21, 2026