Ador Welding Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2022
May 20, 2022 at 10:30 am EDT
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Ador Welding Limited reported earnings results for the fourth quarter ended March 31, 2022. For the fourth quarter, the company reported sales was INR 1,998.1 million compared to INR 1,616.7 million a year ago. Revenue was INR 2,012.5 million compared to INR 1,640.7 million a year ago. Net income was INR 131.9 million compared to net loss of INR 80.1 million a year ago. Basic earnings per share from continuing operations was INR 9.7 compared to basic loss per share from continuing operations of INR 5.89 a year ago.
Ador Welding Limited is an India-based welding company. The Company is engaged in manufacturing in the field of welding products, technologies, and services. Its segments include Consumables, Equipment and automation, and Flares & Process Equipment Division. The Consumables segment includes products and services related to electrodes, wires, agency items related to consumables from Silvassa, Raipur, and Chennai Plant. The Equipment and automation segment includes equipment, spares, cutting products and agency items related to equipment and cutting products, design, engineering, procurement, and commissioning of flares, incinerators, furnaces. It is providing customized solutions for projects and contracts related to refineries, oil and gas, petrochemicals, fertilizers, steel plants, pharma, water, and other chemical process industries.