Ador Welding Ltd

Ador Welding Limited reported Q2 FY27 revenue of Rs. 345 Cr, up 23% YoY, with H1 FY27 revenue at Rs. 654 Cr, also up 23% YoY. Gross margins were 34.2% in Q2, reflecting higher input costs, while EBITDA grew 9% YoY to Rs. 38 Cr. H1 FY27 EBITDA margin remained stable at ~11%. Management highlighted three growth drivers: expanding exports to the Middle East and exploring European markets, scaling higher-value welding equipment and consumables, and deepening customer relationships. Automation and robotics, including Ador WelDoS, are strategic priorities. The company declared an interim dividend of Rs. 7.50 per share. Historical financials show revenue declined from FY26 to H1 FY27, though gross profit and EBITDA improved. The balance sheet shows total assets of Rs. 821.6 Cr as of 30th Sep-26, with equity at Rs. 569.6 Cr. Cash flow statements indicate net cash from operations decreased to -8.5 Cr in Q2 FY27.

The document emphasizes growth in revenue, EBITDA, and strategic initiatives despite inflationary pressures.