Other income jumped 38% to Rs 2.71 crore and interest cost grew from Rs 28 lakh to Rs 1.38 crore. As depreciation was down 9% to Rs 2.55 crore PBT fell 14% to Rs 5.52 crore. Provision for tax fell 21% to Rs 1.82 crore after which PAT fell 11% to Rs 3.70 crore.

For the nine months, Ador Welding registered an 11% rise in sales to Rs 312.54 crore. OPM fell 160 basis points to 5.5% which saw OP fall 14% to Rs 17.27 crore.

Other income jumped 50% to Rs 7.61 crore and interest cost grew from Rs 55 lakh to Rs 3.48 crore. As depreciation was down 9% to Rs 7.72 crore PBT fell 16% to Rs 13.68 crore. Provision for tax fell 18% to Rs 4.56 crore after which PAT fell 15% to Rs 9.12 crore.

Segment results

For the quarter, sales of from the Consumables Division stood at Rs 75.98 crore and accounted for 73% of total. PBIT from the same grew 39% to Rs 11.10 crore and accounted for 130% of total.

For the quarter, sales from the Equipment and Project Engineering Division stood at Rs 27.76 crore and accounted for 27% of total. PBIT from the same stood at a loss of Rs 2.59 crore against a profit of Rs 1.60 crore and accounted for -30% of total.

For the nine months, sales of from the Consumables Division stood at Rs 210.73 crore and accounted for 66% of total. PBIT from the same grew 10% to Rs 26.25 crore and accounted for 119% of total.

For the nine months, sales from the Equipment and Project Engineering Division stood at Rs 108.78 crore and accounted for 34% of total. Loss at the PBIT level from the same stood at Rs 4.12 crore and accounted for -19% of total.

Valuation

The share price trades at Rs 434