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www.gmmpfaudler.com Earnings Presentation Q3 & 9M FY26 Rooted in Strength Aligned for Tomorrow February 6, 2026 X Logo Replaces Twitter's Famous Bird: Everything You Need to Know About X's Rebranding Linkedin logo vector, Linkedin symbol, Linkedin icon free vector 18910721 Vector Art at Vecteezy
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Consolidated Financial Snapshot – Q3 FY26 3 ₹ 883 crore Revenue i . # PAT is before one - time impact of : a) Provision for New Labour codes in GMM Pfaudler , India amounting to gross value of ₹ 12 . 7 crores (net of tax ₹ 9 . 5 crores) and b) Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site , Germany of gross value ₹ 43 . 6 crores (net of tax ₹ 31 . 2 crores) . ii . ^ EPS is calculated considering the PAT as explained in note i . above . ₹ 105 crore EBITDA 11.9% EBITDA Margin ₹ 32 crore PAT # 3.6% PAT Margin # ₹ 7. 28 EPS^ ₹ 961 crore Order Intake ₹ 2,205 crore Backlog
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Consolidated Financial Performance – Q3 FY26 4 883 902 795 801 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25 Revenue i . ^ PAT is before one - time impact of : a) Provision for New Labour codes in GMM Pfaudler , India amounting to gross value of ₹ 12 . 7 crores (net of tax ₹ 9 . 5 crores) and b) Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site , Germany of gross value ₹ 43 . 6 crores (net of tax ₹ 31 . 2 crores) . EPS is calculated considering the PAT as explained . ii . # Includes net loss on restatement of foreign currency borrowings, mainly inter - company borrowings, amounting to ₹ 4 . 8 crores for Q 3 FY 26 , ₹ 0 . 2 crores for Q 2 FY 26 , ₹ 19 . 8 crores for Q 1 FY 26 and net gain of ₹ 15 . 9 crores for Q 3 FY 25 (all non - cash) . iii . **EBITDA & PAT is before considering one - time costs for the India EBITDA transformation program and Hyderabad, India site closure amounting to gross value of ₹ 7 . 9 crores (net of tax ₹ 5 . 9 crores) . EPS is calculated considering the PAT as explained . iv . Margin and growth percentages are calculated on absolute figures . Backlog is net of POC . Profit After Tax 32 39 10 46 Q3 FY26^# Q2 FY26# Q1 FY26# Q3 FY25#** 3.6% 4.4% 5.7% 1.3% - 19% - 31% EBITDA 105 122 101 104 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25** 11.9% 13.5% 12.9% 12.7% - 14% 1% EPS 7.28 9.22 2.48 10.54 Q3 FY26^ Q2 FY26 Q1 FY26 Q3 FY25** - 2 1 % - 3 1 % Figures in ₹ crores - 2% 10%
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327 288 9M FY26 9M FY25^ 2,580 2,392 9M FY26 9M FY25 Consolidated Financial Performance – 9M FY26 5 8% Revenue Profit After Tax 3.6% 4.4% 5.7% 1.3% EBITDA 11.9% 12.9% 12.7% 14% EPS 12.7% 12.0% Figures in ₹ crores i . # PAT is before one - time impact of : a) Provision for New Labour codes in GMM Pfaudler , India amounting to gross value of ₹ 12 . 7 crores (net of tax ₹ 9 . 5 crores) and b) Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site , Germany of gross value ₹ 43 . 6 crores (net of tax ₹ 31 . 2 crores) . EPS is calculated considering the PAT as explained . ii . ^ EBITDA & PAT is before considering one - time costs for the India EBITDA transformation program and Hyderabad, India site closure amounting to gross value of ₹ 9 . 8 crores (net of tax ₹ 7 . 4 crores ) . EPS is calculated considering the PAT as explained . iii . Margin and growth percentages are calculated on absolute figures . Backlog is net of POC . iv . * Includes net loss on restatement of foreign currency borrowings, mainly inter - company borrowings, amounting to ₹ 24 . 8 crores for 9 M FY 26 and net gain of ₹ 7 . 5 crores for 9 M FY 25 (all non - cash) . 81 84 9M FY26 #* 9M FY25^* - 4% 3.2 % 3.5 % 18.98 19.42 9M FY26# 9M FY25^ - 2 %
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961 878 1,004 798 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25 Order Intake & Backlog – Q3/9M FY26 6 20% Order Intake - QoQ Order Intake – 9M 3.6% 4.4% 5.7% 1.3% Backlog - QoQ 11.9% 12.9% 12.7% Backlog – 9M 12.7% 12.0% 3.2 % 3.5 % 9% 2,205 2,146 1,906 1,740 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25 3% 27% 2,843 2,442 9M FY26 9M FY25 16% 2,205 1,740 9M FY26 9M FY25 27% Figures in ₹ crores
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Diversification strategy driving Order Intake & Backlog 7 961 878 1,004 660 798 762 882 861 756 2,205 2,146 1,906 1,636 1,740 1,773 1,777 1,689 1,625 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Order Intake Backlog 36% 1 7 % 47% 46% 23% 31% 40% 27% 33 % FY26 (9M) FY25 FY24 Traditional Pharmaceuticals Chemicals Non - Traditional Oil & Gas, Petrochemical, Defence , Nuclear etc Order Intake Figures in ₹ crores
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Segmental Overview – Q3 FY26 8 81% 9% 10% Standalone International Services Systems Technologies 52% 11% 37% 91% 2% 7% Standalone International Services Systems Technologies 46% 17% 37% Revenue Order Intake Note: Standalone and International breakdown are gross of inter - company eliminations. 59% 11% 30% Consolidated 59% 13% 28% Consolidated
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Financial Highlights 9 Q3 FY26 Revenue ₹ 883 ↑ 10% YoY variance EBITDA ₹ 105 ↑ 1% EBITDA Margin 11.9% Order Intake ₹ 961 ↑ 20% Backlog ₹ 2,205 ↑ 27% 9M FY26 Revenue ₹ 2,580 ↑ 8% EBITDA ₹ 327 ↑ 14% EBITDA Margin 12.7% Order Intake ₹ 2,84 3 ↑ 16% Backlog ₹ 2,205 ↑ 27% • Revenue flat QoQ and up 10 % YoY . • EBITDA down 14 % QoQ and flat YoY . • 9 M FY 26 Revenue up 8 % and EBITDA up 14 % . • Order Intake of Q 3 FY 26 ₹ 961 crores , up 9 % QoQ and up 20 % YoY . • 9 M FY 26 Order Intake of ₹ 2 , 84 3 crores , up 16 % YoY . • Backlog of ₹ 2 , 205 crores up 3 % QoQ and up 27 % YoY . • Global glasslined manufacturing footprint optimization continues with a workforce reduction i mplemented at Pfaudler GmbH, Germany Figures in ₹ crores
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Business Highlights 10 • India : Continues to improve, driven by investments in Pharma, Oil & Gas and Nuclear . Chemicals remain weak due to overcapacity and uncertainties in global trade . • Europe : Remains slow and uncertain, especially in our traditional markets of Chemicals and Pharma . However, our Systems business has seen significant order intake driven by increased defence spending . • Americas : Markets are seeing some improvements, with the US market improving and both Brazil and Canada seeing strong growth driven by investments in Metals & Minerals . • China : Continues to remain challenging . Cost - saving measures and strategic initiatives are being implemented .
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Global Glass - lined Manufacturing Footprint Consolidation Continues 11 Workforce reduction measure s at Pfaudler GmbH, Germany : • Nov 2025 , Pfaudler GmbH entered into an agreement with the works council to define a plan relating to workforce reduction of 30 FTE’s (Full Time Employees) in two phases . • Total provision of ₹ 43 . 7 crores booked in Q 3 FY 26 and disclosed as exceptional items . Measures Entity Location Period Cost Impact ₹ crores FTE Impact Status Workforce reduction Pfaudler Gmbh Waghäusel , Germany Q3 FY26 44 30 Q3FY26 - 14 FTEs released Closure Pfaudler Limited Leven, UK Q4 FY25 48 33 Completed. Facility still being used for services Closure GMM Pfaudler Limited Hyderabad, India Q3 FY25 4 47 Completed L and sold for ₹ 5 4.5 c rores
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Shareholder Summary 12 Figures in % terms Top 10 institutional investors holds 36 .39% as on December 31, 2025 Investor Category Dec 31, 2025 Sep 30, 2025 Increase/ Decrease Foreign Portfolio Investors & Foreign Companies 26.87 29.92 3.05 ↓ Mutual Funds 14.06 13.25 0.81 ↑ Alternate Investments Funds 1.00 1.59 0.59 ↓ Insurance Companies/ Banks/ Fis 1.15 1.23 0.08 ↓ IEPF 0.40 0.40 - Public 31.34 28.43 2.91 ↑ Total Public Shareholding (A) 74.82 74.82 Patel Group (Promoter) (B) 25.18 25.18 Total Shareholding (A) + (B) 100.00 100.00 44% 46% 46% 46% 43% 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 Institutional Holdings
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Annexures 13
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Standalone Financial Performance – Q3 FY26 14 242 272 231 238 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25 Revenue i . ^ PAT is before one - time costs pertaining to New Labour code in GMM Pfaudler , India amounting to gross value of ₹ 12 . 7 crores (net of tax ₹ 9 . 5 crores) . EPS is calculated considering the PAT as explained . ii . Margin and growth percentages are calculated on absolute figures . Backlog is net of POC . iii . * EBITDA & PAT is before considering one - time costs for the India EBITDA transformation program and Hyderabad, India site closure amounting to gross value of ₹ 7 . 9 crores (net of tax ₹ 5 . 9 crores) . EPS is calculated considering the PAT as explained above . Profit After Tax 15 20 17 18 Q3 FY26^ Q2 FY26 Q1 FY26 Q3 FY25* 6.4% 7.5% 7.4% 7.2% - 24% - 13% EBITDA 34 39 36 37 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25* 13.8% 14.4% 15.4% 15.7% - 14% - 8% EPS 3.42 4.52 3.71 3.93 Q3 FY26^ Q2 FY26 Q1 FY26 Q3 FY25* - 2 4 % - 13% Figures in ₹ crores - 11% 2%
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109 86 9M FY26 9M FY25* 745 669 9M FY26 9M FY25 Standalone Financial Performance – 9M FY26 15 11% Revenue Profit After Tax 3.6% 4.4% 5.7% 1.3% EBITDA 11.9% 12.9% 12.7% 27% EPS 14.6% 12.9% Figures in ₹ crores i . ^ PAT is before one - time costs pertaining to New Labour codes in GMM Pfaudler , India amounting to gross value of ₹ 12 . 7 crores (net of tax ₹ 9 . 5 crores) . EPS is calculated considering the PAT as explained above . ii . Margin and growth percentages are calculated on absolute figures . iii . * EBITDA & PAT is before considering one - time costs for the India EBITDA transformation program and Hyderabad, India site closure amounting to gross value of ₹ 9 . 8 crores (net of tax ₹ 7 . 4 crores) . EPS is calculated considering the PAT as explained above . 52 34 9M FY26 ^ 9M FY25* 52% 7.0 % 5.2 % 11.66 7.67 9M FY26^ 9M FY25* 52%
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International* Financial Performance – Q3 FY26 12.5% 10.0% 11.4% 16 i . # PAT is before one - time impact of Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site , Germany of gross value ₹ 43 . 6 crores (net of tax ₹ 31 . 2 crores) . iii . ^ Includes net loss on restatement of foreign currency borrowings, mainly inter - company borrowings, amounting to ₹ 4 . 8 crores for Q 3 FY 26 , ₹ 0 . 2 crores for Q 2 FY 26 , ₹ 19 . 8 crores for Q 1 FY 26 and net gain of ₹ 15 . 9 crores for Q 3 FY 25 (all non - cash ) . ii . Margin and growth percentages are calculated on absolute figures . iv . *Includes Mavag & PFI, gross of inter - company eliminations . 4.9% 1.9% 10.4% 2.9% 4.9% 663 656 589 600 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25 Revenue 1% 10% Profit After Tax 13 19 29 Q3 FY26#^ Q2 FY26^ Q1 FY26^ Q3 FY25^ - 1.6% - 9 - 34% - 57% EBITDA 66 82 61 69 Q3 FY26 Q2 FY26 Q1 FY26 Q3 FY25^ Figures in ₹ crores - 20% - 4% 10.0% 10.4% 12.5% 11.4% 1.9% 2.9% 4.9%
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International* Financial Performance – 9M FY26 12.5% 10.0% 11.4% 17 i . # PAT is before one - time impact of Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site , Germany of gross value ₹ 43 . 6 crores (net of tax ₹ 31 . 2 crores) . ii . Margin and growth percentages are calculated on absolute figures . iii . ^ Includes net loss on restatement of foreign currency borrowings, mainly inter - company borrowings, amounting to ₹ 24 . 8 crores for 9 M FY 26 and net gain of ₹ 15 . 9 crores for 9 M FY 25 (all non - cash) . iv . *Includes Mavag & PFI, gross of inter - company eliminations . 4.9% 1.9% 10.4% 2.9% 4.9% Profit After Tax Figures in ₹ crores 1,908 1,793 9M FY26 9M FY25 6 % Revenue 209 200 9M FY26 9M FY25 EBITDA 5% 11.0% 11.1% 22 48 9M FY26 9M FY25 1.2% 2.7% - 54%
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18 Consolidated Financial Summary iii. # Tax adjusted for note i. & ii. for ₹ 15.6 crores and ₹ 2 crores for Q3 FY26 & Q3 FY25 respectively. Adjusted EPS is calculated considering the adjusted Profit after Tax for Q3 FY26 & Q3 FY25. iv. Margin and growth percentages are calculated on absolute figures. v. Amounts are rounded off to crores and subject to casting. vi. NM is Not Meaningful. Figures in ₹ crores Particulars Q3 FY26 Q2 FY26 Q - O - Q Q3 FY25 Y - O - Y Operational Income 883 902 -2% 801 10% Material Cost 353 331 7% 314 12% Other Costs 425 450 -6% 384^ 11% Total Operating Expenses 778 781 0% 698 12% EBITDA 105 121 -13% 103^ 1% EBITDA Margin (%) 11.9% 13.5% (159) Bps 12.0% (8) Bps Other Income 9 9 0% 26 -65% Depreciation 37 36 3% 35 6% Finance Cost 34 30 13% 25 36% Profit before exceptional items and tax 43 64 -33% 69 -39% Exceptional Items** 56 0 0% 0 0% Profit before tax 43** 64 -33% 69 -38% Tax 11 # 25 -58% 24 -56% Profit after tax 32 39 -17% 45 -30% PAT Margin (%) 3.6% 4.3% (77) Bps 5.6% (205) Bps Other Comprehensive Income 22 50 -56% -45 149% Total Comprehensive Income 54 89 -39% 0 NM Basic EPS (₹) 7.28# 9.22 -21% 10.54# -31% i.^Adjusted for one-time cost for the India EBITDA transformation program and Hyderabad, India site closure amounting to ₹ 7.9 crores for Q3 FY25. ii. ** Adjusted for one-time exceptional cost for a) Provision for New Labour codes in amounting to ₹ 12.7 crores and b) Provision for severance payments and retiral benefits of workforce reduction measures at Waghäusel site, Germany amounting to ₹ 43.6 crores.
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Consolidated – Adjusted PAT, EPS & Exceptional Items - Summary 19 PAT Exceptional Items 3.6% 4.4% 5.7% 1.3% E PS 11.9% 12.9% 12.7% 12.7% 12.0% 3.2 % 3.5 % Figures in ₹ crores except EPS Particulars Q3 FY26 Q2 FY26 Q1 FY26 9M FY 26 Reported PAT - 8.9 39.4 10.2 40.6 Reported PAT % - 1.0% 4.4% 1.3% 1.6% i . Impact of New Labour code ( Net of Tax) 9 .5 - - 9 .5 ii. Waghäusel site , Germany workforce reduction measure ( Net of Tax) 31.2 - - 31.2 Adjusted PAT 31.8 39.4 10.2 81.4 Adjusted PAT % 3.6% 4.4% 1.3% 3.2% Particulars Q3 FY26 Q2 FY26 Q1 FY26 9M FY 26 Reported EPS - 1.78 9.22 2.48 9.92 Adjusted EPS 7. 28 9.22 2.48 18 . 98 Particulars Q3 FY26 9M FY26 i . Impact of New Labour code 12.7 12.7 ii. Waghäusel site , Germany workforce reduction measure 43.6 43.6 Total 56.3 56.3 Amounts are subject to casting.
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20 Standalone Financial Summary iv. # Tax adjusted for note i. & ii. for ₹ 3.2 crores and ₹ 2 crores for Q3 FY26 & Q3 FY25 respectively. Adjusted EPS is calculated considering the adjusted Profit after Tax for Q3 FY26 & Q3 FY25. v. Amounts are rounded off to crores and subject to casting. Figures in ₹ crores Particulars Q3 FY26 Q2 FY26 Q - O - Q Q3 FY25 Y - O - Y Operational Income 242 272 -11% 238 2% Material Cost 115 129 -11% 121 -5% Other Costs 93 104 -10% 80^ 17% Total Operating Expenses 209 233 -10% 201 4% EBITDA 34 39 -14% 37^ -8% EBITDA Margin (%) 13.8% 14.4% (55) Bps 15.5% (165) Bps Other Income 2 3 -44% 1 67% Depreciation 8 7 7% 8 -6% Finance Cost 7 7 6% 7 0% Profit before exceptional items and tax 21 28 -26% 23 -9% Exceptional Items** 13 0 0% 0 0% Profit before tax 21** 28 -26% 23 -9% Tax 5 # 7 -24% 5 # 7% Profit after tax 15 20 -23% 18 -14% PAT Margin (%) 6.4% 7.5% (103) Bps 7.6% (117) Bps Other Comprehensive Income 0 0 114% 0 112% Total Comprehensive Income 15 20 -22% 18 -13% Basic EPS (₹) 3.42# 4.52 -24% 3.93# -13% i.^Adjusted for one-time cost for the India EBITDA transformation program and Hyderabad, India site closure amounting to ₹ 7.9 crores for Q3 FY25. ii. ** Adjusted for one-time exceptional cost for Provision for New Labour codes in amounting to ₹ 12.7 crores. iii. Margin and growth percentages are calculated on absolute figures.
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Standalone – Adjusted PAT, EPS & Exceptional Items - Summary 21 PAT Exceptional Items 3.6% 4.4% 5.7% 1.3% E PS 11.9% 12.9% 12.7% 12.7% 12.0% 3.2 % 3.5 % Figures in ₹ crores except EPS Particulars Q3 FY26 Q2 FY26 Q1 FY26 9M FY26 Reported PAT 5.9 20.3 16.7 42.9 Reported PAT % 2.4% 7.5% 7.2% 5.8% Impact of New Labour code (Net of Tax) 9 .5 - - 9 .5 Adjusted PAT 15.4 20.3 16.7 52.4 Adjusted PAT % 6.4% 7.5% 7.2% 7.0% Particulars Q3 FY26 Q2 FY26 Q1 FY26 9M FY26 Reported EPS 1.31 4.52 3.71 9.54 Adjusted EPS 3.42 4.52 3.71 11.66 Particulars Q3 FY26 9M FY26 Impact of New Labour code 12.7 12.7 Amounts are subject to casting.
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www.gmmpfaudler.com Rooted in Strength Aligned for Tomorrow Thank You Investor Relations Contact Raveen Kanabar GMM Pfaudler Limited T : + 91 22 6650 3900 E : investorrelations@gmmpfaudler . com Anuj Sonpal Valorem Advisors T : + 91 22 4903 9500 E : gmmpfaudler@valoremadvisors . com