 |
Results
16-Aug-22
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Ador Welding
|
|
Strong show
|
|
|
|
|
|
Standalone net sales
(including other operating income) of Ador Welding for the quarter ended Jun 2022 has increased 23% to Rs
157.88 crore. Operating profit margin has jumped from 8.7% to 10.3%,
leading to 46% rise in operating profit to Rs 16.29 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
69.59% to 65.76%. Purchase of finished goods cost fell from 4.21%
to 3.72%. Employee cost decreased from 7.82% to 7.77%. Other
expenses rose from 10.57% to 13.47%. Other income up 27.67% to Rs
2.03 crore. PBIDT rose 44.14% to Rs 18.32
crore. Provision for interest fell 55.91% to Rs 0.41
crore. PBDT rose 52.04% to Rs 17.91 crore. Provision for
depreciation rose 2.22% to Rs 2.76 crore. Profit before tax grew
66.85% to Rs 15.15 crore. EO exp was Rs 1.25 crore against nil. Thus
PBT after EO was up 53% to Rs 13.90 crore. Provision for tax was expense of Rs
3.44 crore, compared to Rs 2.33 crore. Profit after tax rose 54.96% to Rs 10.46
crore.
Sales of Consumables
segment has gone up 16.51% to Rs 121.38 crore (accounting for 76.80% of total
sales). Sales of Equipments and Automation segment has gone up
15.20% to Rs 22.74 crore (accounting for 14.39% of total
sales). Sales of Flares & Process Equipment Division segment has
gone up 199.57% to Rs 13.93 crore (accounting for 8.81% of total
sales). Inter-segment sales came down from Rs 0.69 crore to Rs 0.17
crore.
Profit before interest, tax and other unallocable items (PBIT) has
jumped 65.44% to Rs 21.11 crore. PBIT of Consumables segment rose
62.57% to Rs 18.37 crore (accounting for 87.02% of total PBIT). PBIT
of Equipments and Automation segment fell 66.06% to Rs 0.74 crore (accounting
for 3.51% of total PBIT).
PBIT margin of Consumables segment rose from 10.85% to
15.13%. PBIT margin of Equipments and Automation segment fell from
11.04% to 3.25%. Overall PBIT margin rose from 9.92% to
13.36%.
The Board of Directors of the Company,
at its meeting held on 31 May 2022, approved the Scheme of Amalgamation (merger
by absorption) of Ador Fontech Limited (``Transferor Company``) with Ador Welding
Limited ("Transferee Company" or uthe Company``). The Management has,
accordingly, filed an application for approving the scheme of amalgamation with
the Stock Exchanges (NSE and BSE) and the same is pending for approval.
Promoters’ stake was 56.90% as of 30 June 2022
,compared to 56.90% as of 30 June 2021
| Ador Welding : Standalone Results | | Quarter ended | Year ended |
|---|
| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 157.88 | 127.88 | 23.46 | 661.48 | 447.28 | 47.89 | | OPM (%) | 10.32 | 8.70 | 162 bps | 8.83 | 4.45 | 438 bps | | OP | 16.29 | 11.12 | 46.49 | 58.39 | 19.89 | 193.56 | | Other Inc. | 2.03 | 1.59 | 27.67 | 5.41 | 7.31 | -25.99 | | PBIDT | 18.32 | 12.71 | 44.14 | 63.80 | 27.20 | 134.56 | | Interest | 0.41 | 0.93 | -55.91 | 3.72 | 6.41 | -41.97 | | PBDT | 17.91 | 11.78 | 52.04 | 60.08 | 20.79 | 188.99 | | Depreciation | 2.76 | 2.7 | 2.22 | 10.83 | 11.1 | -2.43 | | PBT | 15.15 | 9.08 | 66.85 | 49.25 | 9.69 | 408.26 | | PBT before EO | 15.15 | 9.08 | 66.85 | 49.25 | 9.69 | 408.26 | | EO Income | -1.25 | 0 | - | 8.98 | -25.37 | LP | | PBT after EO | 13.9 | 9.08 | 53.08 | 58.23 | -15.68 | LP | | Taxation | 3.44 | 2.33 | 47.64 | 13.04 | -3.69 | PL | | PAT | 10.46 | 6.75 | 54.96 | 45.19 | -11.99 | LP | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 10.46 | 6.75 | 54.96 | 45.19 | -11.99 | LP | | EPS (Rs)* | 8.38 | 4.96 | 68.89 | 28.10 | 7.13 | 294.43 | | | * EPS is on current equity of Rs 13.60 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Ador Welding : Standalone Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202206 | 202106 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Consumables | 76.80 | 121.38 | 104.18 | 16.51 | 80.81 | 535.71 | 352.33 | 52.05 | | Equipments and Automation | 14.39 | 22.74 | 19.74 | 15.20 | 14.90 | 98.78 | 70.85 | 39.42 | | Flares & Process Equipment Division | 8.81 | 13.93 | 4.65 | 199.57 | 4.29 | 28.43 | 24.73 | 14.96 | | Total Reported Sales | 100.00 | 158.05 | 128.57 | 22.93 | 100.00 | 662.92 | 447.91 | 48.00 | | Less: Inter segment revenues | | 0.17 | 0.69 | -75.36 | | 1.44 | 0.63 | 128.57 | | Net Sales | 100.00 | 157.88 | 127.88 | 23.46 | 100.00 | 661.48 | 447.28 | 47.89 | | PBIT | | Consumables | 87.02 | 18.37 | 11.30 | 62.57 | 89.70 | 60.60 | 42.68 | 41.99 | | Equipments and Automation | 3.51 | 0.74 | 2.18 | -66.06 | 11.63 | 7.86 | 5.51 | 42.65 | | Flares & Process Equipment Division | 0.00 | 0.00 | -0.72 | - | | Total PBIT | 100.00 | 21.11 | 12.76 | 65.44 | 100.00 | 67.56 | 23.23 | 190.83 | | Less : Interest | | 0.28 | 0.57 | -50.88 | | 2.56 | 3.35 | -23.58 | | Add: Other un-allcoable | | -6.93 | -3.11 | -122.83 | | -6.77 | -35.56 | 80.96 | | PBIT Margin(%) | | Consumables | | 15.13 | 10.85 | 428.77 | | 11.31 | 12.11 | -80.16 | | Equipments and Automation | | 3.25 | 11.04 | -778.94 | | 7.96 | 7.78 | 18.01 | | Flares & Process Equipment Division | | 0.00 | -15.48 | 1,548.39 | | 0.00 | -100.93 | 10,093.00 | | PBT | 100.00 | 13.90 | 9.08 | 53.08 | 100.00 | 58.23 | -15.68 | LP |
|
|
|
|
|
Previous News |
Ador Welding reports consolidated net profit of Rs 6.75 crore in the June 2021 quarter
(
Results
-
Announcements
06-Aug-21
07:49
)
|
|
|
Ador Welding
(
Results
-
Analysis
03-Aug-23
08:23
)
|
|
|
Ador Welding reports standalone net profit of Rs 6.75 crore in the June 2021 quarter
(
Results
-
Announcements
06-Aug-21
07:50
)
|
|
|
Deccan Health Care Ltd leads gainers in 'B' group
(
Hot Pursuit
-
11-Jun-24
12:15
)
|
|
|
Ador Welding
(
Results
-
Analysis
30-May-21
17:59
)
|
|
|
Ador Welding
(
Results
-
Analysis
07-Dec-17
12:44
)
|
|
|
Ador Welding to declare Quarterly Result
(
Corporate News
-
20-Nov-17
17:21
)
|
|
|
Ador Welding receives credit ratings for bank facilities from CARE
(
Corporate News
-
31-Dec-20
15:36
)
|
|
|
Ador Welding net profit rises 12.79% in the September 2013 quarter
(
Results
-
Announcements
25-Oct-13
09:00
)
|
|
|
Ador Welding schedules board meeting
(
Corporate News
-
15-Jul-23
10:57
)
|
|
|
Ador Welding
(
Results
-
Analysis
03-Feb-14
15:43
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|