Ador Welding Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 30, 2023 at 09:18 am EDT
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Ador Welding Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,354.8 million compared to INR 1,998.1 million a year ago. Revenue was INR 2,367.2 million compared to INR 2,012.5 million a year ago. Net income was INR 225.5 million compared to INR 131.9 million a year ago. Basic earnings per share from continuing operations was INR 16.58 compared to INR 9.7 a year ago.
For the full year, sales was INR 7,767.6 million compared to INR 6,614.8 million a year ago. Revenue was INR 7,834.3 million compared to INR 6,669.6 million a year ago. Net income was INR 592.9 million compared to INR 450.2 million a year ago. Basic earnings per share from continuing operations was INR 43.6 compared to INR 33.1 a year ago.
Ador Welding Limited is an India-based welding company. The Company is engaged in manufacturing in the field of welding products, technologies, and services. Its segments include Consumables, Equipment and automation, and Flares & Process Equipment Division. The Consumables segment includes products and services related to electrodes, wires, agency items related to consumables from Silvassa, Raipur, and Chennai Plant. The Equipment and automation segment includes equipment, spares, cutting products and agency items related to equipment and cutting products, design, engineering, procurement, and commissioning of flares, incinerators, furnaces. It is providing customized solutions for projects and contracts related to refineries, oil and gas, petrochemicals, fertilizers, steel plants, pharma, water, and other chemical process industries.
ADOR WELDING LIMITED 
