Q4FY21 Company Update - Ador Welding - ICICI Direct

Ador Welding (AWL) reported consolidated revenues at Rs. 161.7 crore, up 15.6% YoY, 19.6% QoQ, led by better performance in consumables and equipment business. EBITDA came in at Rs. 15.6 crore, up 46% YoY, 116% QoQ owing to stable gross margins and controlled other expenses. EBITDA margin improved 200 bps to 9.6% YoY. Gross margins for Q4FY21 improved marginally by 20 bps to 29.1% on a QoQ basis. For Q4FY21, AWL reported exceptional item of Rs. 24 crore, as provision for doubtful debt and bad debt written off, significantly impacting reported PAT. Adjusted PAT came in at ~Rs. 10.0 crore, up 44.9% YoY, partly aided by higher other income and turnaround in projects business.

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

Shares of ADOR WELDING LTD. was last trading in BSE at Rs.478 as compared to the previous close of Rs. 478.85. The total number of shares traded during the day was 19381 in over 1829 trades.

The stock hit an intraday high of Rs. 495 and intraday low of 446.2. The net turnover during the day was Rs. 9023258.

Source : Equity Bulls

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