Ador Welding Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 08:43 am EST
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Ador Welding Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,985.3 million compared to INR 1,742.8 million a year ago. Revenue was INR 2,003.7 million compared to INR 1,754.9 million a year ago. Net income was INR 163.6 million compared to INR 105.8 million a year ago. Basic earnings per share from continuing operations was INR 12.03 compared to INR 7.78 a year ago.
For the nine months, sales was INR 5,412.8 million compared to INR 4,616.7 million a year ago. Revenue was INR 5,467.1 million compared to INR 4,657.1 million a year ago. Net income was INR 367.5 million compared to INR 319.7 million a year ago. Basic earnings per share from continuing operations was INR 27.02 compared to INR 23.51 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 
