Ador Welding - Decent Q4 Performance Amid Economic Challenges: ICICI Direct

A worker welding at a factory (Photographer: Luke Sharrett/Bloomberg).

Ador Welding - Decent Q4 Performance Amid Economic Challenges: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Ador Welding Ltd. 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 basis points to 9.6% YoY.

Gross margins for Q4 FY21 improved marginally by 20 basis points to 29.1% on a QoQ basis.

For Q4 FY21, the company reported exceptional item of Rs 24 crore, as provision for doubtful debt and bad debt written off, significantly impacting reported profit after tax.

Click on the attachment to read the full report:

ICICI Direct Ador Welding Company Update.pdf

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