Ador Welding Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 07:12 am EST
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Ador Welding Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,259.6 million compared to INR 1,848.7 million a year ago. Revenue was INR 2,290.7 million compared to INR 1,864.3 million a year ago. Net income was INR 195.8 million compared to INR 99.8 million a year ago. Basic earnings per share from continuing operations was INR 14.4 compared to INR 7.34 a year ago.
For the six months, sales was INR 4,155.9 million compared to INR 3,427.5 million a year ago. Revenue was INR 4,217.2 million compared to INR 3,463.4 million a year ago. Net income was INR 308.2 million compared to INR 203.9 million a year ago. Basic earnings per share from continuing operations was INR 22.66 compared to INR 14.99 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 
