Ador Welding Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 04, 2022 at 08:50 am EDT
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Ador Welding Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,848.7 million compared to INR 1,595.1 million a year ago. Revenue was INR 1,864.3 million compared to INR 1,608.8 million a year ago. Net income was INR 99.8 million compared to INR 146.4 million a year ago. Basic earnings per share from continuing operations was INR 7.34 compared to INR 10.76 a year ago.
For the six months, sales was INR 3,427.5 million compared to INR 2,873.9 million a year ago. Revenue was INR 3,463.4 million compared to INR 2,903.7 million a year ago. Net income was INR 203.9 million compared to INR 213.9 million a year ago. Basic earnings per share from continuing operations was INR 14.99 compared to INR 15.73 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 
