Other income fell 52% to Rs 1.29 crore and interest cost grew 70% to Rs 2.34 crore. As depreciation was down 9% to Rs 2.33 crore PBT jumped 55% to Rs 8.55 crore. Provision for tax grew 65% to Rs 3.00 crore after which PAT went up 50% to Rs 5.55 crore.

For the nine months, Ador Welding registered 16% rise in sales to Rs 362.14 crore. OPM improved 260 basis points to 8.1% which saw OP rise 70% to Rs 29.34 crore.

Other income grew 12% to Rs 8.50 crore and interest cost grew 78% to Rs 6.21 crore.

For the nine months the company received Rs 97 lakh against claim filed by the company in the previous FY and is a part of the other income.

As depreciation was down 9% to Rs 7.06 crore PBT jumped 80% to Rs 24.57 crore. Provision for tax grew 79% to Rs 8.15 crore after which PAT went up 80% to Rs 16.42 crore.

Segment results

For the quarter, sales of from the Consumables Division grew 35% to Rs 102.75 crore and accounted for 77% of total. PBIT from the same grew 37% to Rs 15.25 crore and accounted for 114% of total.

For the quarter, sales from the Equipment and Project Engineering Division grew 13% to Rs 31.42 crore and accounted for 23% of total. Loss at PBIT from the same fell 26% to Rs 1.91 crore and accounted for -14% of total.

For the nine months, sales of from the Consumables Division grew 30% to Rs 273.48 crore and accounted for 76% of total. PBIT from the same grew 58% to Rs 41.60 crore and accounted for 107% of total.

For the nine months, sales from the Equipment and Project Engineering Division fell 18% to Rs 88.66 crore and accounted for 24% of total. Loss at PBIT from the same fell 34% to Rs 2.70 crore and accounted for -7% of total.

Valuation

The stock trades at Rs 330.