Ador Welding Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 07:56 am EST
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Ador Welding Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,215.4 million compared to INR 1,985.3 million a year ago. Revenue was INR 2,243.9 million compared to INR 2,003.7 million a year ago. Net income was INR 137 million compared to INR 163.6 million a year ago. Basic earnings per share from continuing operations was INR 10.07 compared to INR 12.03 a year ago.
For the nine months, sales was INR 6,371.3 million compared to INR 5,412.8 million a year ago. Revenue was INR 6,461.1 million compared to INR 5,467.1 million a year ago. Net income was INR 445.2 million compared to INR 367.5 million a year ago. Basic earnings per share from continuing operations was INR 32.74 compared to INR 27.02 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 
