Ador Welding Q2 FY26 Earnings Results

 Ador Welding Ltd is a leading player in India’s welding industry, providing a comprehensive range of products, technologies, and services. The company also offers customized solutions for multi-disciplinary projects across refineries, oil and gas, petrochemicals, and other industrial sectors.

Q2 FY26 Earnings Summary 

• Consolidated revenue stood at ₹281 crore, up 4.46% year on year from ₹269 crore, reflecting steady demand across industrial and infrastructure segments.
• Total expenses decreased by 0.79% to ₹252 crore from ₹254 crore, showcasing improved cost discipline and operational efficiencies.
• Consolidated Net Profit surged 257.14% to ₹25 crore from ₹7 crore in the same quarter last year, driven by higher gross margins and reduced finance costs.
• Earnings Per Share (EPS) increased to ₹14.37, up 191.48% year on year from ₹4.93.
• EBITDA rose 55% to ₹39.07 crore, with margins improving to 12.5% from 8.0% last year.

Operational and Business Highlights

Ador Welding reported significant growth in profitability driven by higher domestic sales, margin expansion, and a better product mix in consumables and automation solutions.
The company continued to strengthen its presence in oil and gas, shipbuilding, and infrastructure sectors while growing contributions from exports.
New product introductions, including electric battery welders and data reading equipment, helped diversify revenue streams.
Operational improvements included a 47-day inventory cycle and enhanced working capital management, leading to stronger cash flows.

Financial Position and Outlook

The company maintained strong financial health with consistent deleveraging and higher returns — ROCE improved to 23% this quarter.
Management expects sustained revenue growth for H2 FY26, supported by expanding automation solutions and higher order inflows from the manufacturing, automotive, and energy sectors.
Focus remains on scaling up high-margin business verticals and broadening export footprints to improve profitability.

Ador Welding Ltd’s strategic focus on innovation, cost control, and capacity utilization is positioning it for continued profitability and growth in India’s industrial manufacturing landscape.

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