Shares of GMM Pfaudler Ltd surged 4% to touch a day’s high of Rs 1,208.40 on 20th June after the company announced yesterday that its wholly owned German subsidiary, Pfaudler Normag Systems GmbH, has secured an international order valued at €33.2 million (approximately Rs 330 crore).

The contract, awarded by a European manufacturer of weapons, ammunition, and tools for both defence and civilian use, spans four years and involves the design, engineering, and supply of complete acid recovery systems. The company will receive 30% of the payment upfront and expects the project to make a meaningful contribution to revenue over its execution period. The client’s identity remains undisclosed due to confidentiality agreements.

Q4 Financials:

In the January–March quarter, GMM Pfaudler posted a net loss of Rs 27 crore, compared to a profit of Rs 27.6 crore a year earlier. The loss excludes one-time closure costs of Rs 47.7 crore, including severance, inventory write-offs, and asset impairments.

Exceptional items net of tax stood at Rs 43 crore for Q4 and Rs 50.4 crore for the full year. Revenue grew 8.9% YoY to Rs 806.6 crore. However, EBITDA fell 57.5% to Rs 83.3 crore, with margins narrowing to 10.3% from 12.1%.

At 12:11 PM, the shares of GMM Pfaudler were trading 3.60% higher at Rs 1,194.10 on NSE.

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