GMM Pfaudler hits record high, rallies 52% in 14 days post Q3 results

In Q3FY20, the company's Ebitda improved significantly by 46 per cent YoY at Rs 30.4 crore, while margins expanded 400 basis points to 20 per cent versus 16 per cent in Q3 of last year.

Shares of GMM Pfaudler rallied 13 per cent to hit an all-time high of Rs 3,285 on the BSE on Tuesday on the back of heavy volumes. The stock surpassed its previous high of Rs 3,048, touched on February 5, 2020.

GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industry segments.

The company reported a strong 74 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 21.1 crore for the quarter ended December 2019 (Q3FY20). It had a profit of Rs 12.1 crore in the year-ago quarter. Operating revenue