Q4FY21 Company Update - Esab India - ICICI Direct

Esab India reported a decent set of Q4FY21 numbers on the revenue front at Rs. 207 crore, up 18.3% YoY, 12.5% QoQ owing to a gradual revival in infrastructure, automotive, engineering and metals sectors. EBITDA came in at Rs. 28.8 crore, up 15.3% YoY while EBITDA margins came in at 13.9%, declining 40 bps YoY while improving 320 bps QoQ. Gross margins declined 300 bps to 36.4% YoY while they improved 160 bps QoQ, primarily due to higher raw material cost impacting gross margins. PAT came in at Rs. 19.7 crore, up 9.1% YoY, partly impacted by lower other income at Rs. 1.5 crore, down 61.1% YoY.

For details, click on the link below: Link to the report

Shares of ESAB INDIA LTD. was last trading in BSE at Rs.1887.15 as compared to the previous close of Rs. 1868.5. The total number of shares traded during the day was 1956 in over 320 trades.

The stock hit an intraday high of Rs. 1925.05 and intraday low of 1852. The net turnover during the day was Rs. 3721872.

Source : Equity Bulls

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