Other income up 100.65% to Rs 3.11 crore.  PBIDT rose 82.20% to Rs 30.41 crore.  Provision for interest up 78% to Rs 0.89 crore.   PBDT rose 82.33% to Rs 29.52 crore.  Provision for depreciation rose 17.19% to Rs 3.34 crore.  Profit before tax grew 96.25% to Rs 26.18 crore.  Provision for tax was expense of Rs 6.6 crore, compared to Rs 3.36 crore.  Effective tax rate was 25.21% compared to 25.19%. Profit after tax rose 96.19% to Rs 19.58 crore.  

Sales of Consumables segment has gone up 19.45% to Rs 176.87 crore (accounting for 78.20% of total sales).  Sales of Equipments and Automation segment has gone up 54.52% to Rs 43.96 crore (accounting for 19.43% of total sales).  Sales of Flares & Process Equipment Division segment has gone down 36.79% to Rs 5.36 crore (accounting for 2.37% of total sales).  Inter-segment sales rose Rs 0.13 crore to Rs 0.23 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 67.29% to Rs 30.23 crore.  PBIT of Consumables segment rose 79.04% to Rs 29.38 crore (accounting for 97.19% of total PBIT).  PBIT of Equipments and Automation segment rose 78.82% to Rs 3.04 crore (accounting for 10.06% of total PBIT).  PBIT of Flares & Process Equipment Division segment fell 5,375.00% to Rs -2.19 crore (accounting for -7.24% of total PBIT).  

PBIT margin of Consumables segment rose from 11.08% to 16.61%.  PBIT margin of Equipments and Automation segment rose from 5.98% to 6.92%.  PBIT margin of Flares & Process Equipment Division segment fell from negative 0.47% to negative 40.86%.  Overall PBIT margin rose from 9.77% to 13.36%.  

Net sales (including other operating income) of Ador Welding for the half year ended Sep 2023 has increased 21.25% to Rs 415.59 crore.  Sales of Consumables segment has gone up 19.42% to Rs 321.79 crore (accounting for 77.33% of total sales).  Sales of Equipments and Automation segment has gone up 56.73% to Rs 80.23 crore (accounting for 19.28% of total sales).  Sales of Flares & Process Equipment Division segment has gone down 36.99% to Rs 14.12 crore (accounting for 3.39% of total sales).  Inter-segment sales rose Rs 0.30 crore to Rs 0.55 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 28.87% to Rs 50.49 crore.  PBIT of Consumables segment rose 42.44% to Rs 49.54 crore (accounting for 98.12% of total PBIT).  PBIT of Equipments and Automation segment rose 82.79% to Rs 4.46 crore (accounting for 8.83% of total PBIT).  PBIT of Flares & Process Equipment Division reported loss of Rs 3.51 crore compared to profit of Rs 1.96 crore.  

PBIT margin of Consumables segment rose from 12.91% to 15.40%.  PBIT margin of Equipments and Automation segment rose from 4.77% to 5.56%.  PBIT margin of Flares & Process Equipment Division segment fell from 8.75% to 24.86%.  Overall PBIT margin rose from 11.42% to 12.13%.  

Operating profit margin has jumped from 9.17% to 10.44%, leading to 38.03% rise in operating profit to Rs 43.37 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 65.19% to 61.95%.   Purchase of finished goods cost rose from 3.92% to 4.90%.   Employee cost increased from 7.91% to 8.52%.   Other expenses rose from 14.00% to 14.05%.   

Other income up 71.23% to Rs 6.13 crore.  PBIDT rose 41.43% to Rs 49.5 crore.  Provision for interest up 75.82% to Rs 1.6 crore.  

PBDT rose 40.51% to Rs 47.9 crore.  Provision for depreciation rose 18.23% to Rs 6.68 crore. Profit before tax grew 44.94% to Rs 41.22 crore.  Provision for tax was expense of Rs 10.4 crore, compared to Rs 6.8 crore.  Effective tax rate was 25.23% compared to 25.01%.Profit after tax rose 51.15% to Rs 30.82 crore.  

Others

Equity capital stood at Rs 13.60 crore as of 30 September 2023 to Rs 13.60 crore as of 30 September 2022.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 56.90% as of 30 September 2023 ,compared to 56.90% as of 30 September 2022 .  

Loan funds rose to Rs 33.15 crore as of 30 September 2023 from Rs 20.61 crore as of 30 September 2022.  Inventories rose to Rs 128.46 crore as of 30 September 2023 from Rs 108.59 crore as of 30 September 2022.  Sundry debtors were higher at Rs 134.88 crore as of 30 September 2023 compared to Rs 99.12 crore as of 30 September 2022.  Cash and bank balance rose to Rs 3.52 crore as of 30 September 2023 from Rs 3.28 crore as of 30 September 2022.  Investments rose to Rs 21.79 crore as of 30 September 2023 from Rs 21.05 crore as of 30 September 2022 .   Fixed assets increased to Rs 130.33 crore as of 30 September 2023 from Rs 120.61 crore as of 30 September 2022.  Intangible assets increased from Rs 0.71 crore to Rs 0.90 crore.