GMM Pfaudler reports higher sales, net profit in H1
28 Oct 2004
Mumbai: GMM Pfaudler Limited, the largest manufacturer of glass-lined corrosion resistant reactors and storage tanks for the pharmaceutical and chemical industry in India and a leading worldwide supplier and, has reported a strong financial performance for half year ended September 30, 2004.
Total Income for the half year ended September 30, 2004 grew to Rs3351.73 lakh. Net Profit of Rs190.86 lakh after providing for interest, depreciation and tax rose 37 per cent. The company has announced an interim dividend of Rs. 5 per equity share. The company plans to double it's manufacturing capacity to meet the growing demand.
The
subsidiary of Pfaudler Inc. USA, company has an order
backlog of Rs42 crore.