Esab India - Decent Q4 Performance Amid Challenges: ICICI Direct
A worker labors at the welding line on the Innova Crysta compact multi-purpose vehicle production line. (Photographer: Dhiraj Singh/Bloomberg)

Esab India - Decent Q4 Performance Amid Challenges: ICICI Direct


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

Esab India Ltd. reported a decent set of Q4 FY21 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 basis points 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.

Profit after tax 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.

Click on the attachment to read the full report:

ICICI Direct Esab India Company Update.pdf


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