Ador Welding Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 10:32 pm IST
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Ador Welding Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales /income from operations was INR 747.994 million compared to INR 778.741 million a year ago. Profit from operations before other income interest and exceptional items was INR 8.054 million compared to INR 33.620 million a year ago. Profit from ordinary activities before tax was INR 18.953 million against INR 11.200 million a year ago. Net profit was INR 15.190 million or INR 1.12 per basic and diluted share compared to net profit of INR 29.806 million or INR 2.19 per basic and diluted share a year ago.
For the nine months, net sales /income from operations was INR 2,448.307 million compared to INR 2,284.366 million a year ago. Profit from operations before other income interest and exceptional items was INR 120.116 million compared to INR 140.497 million a year ago. Profit from ordinary activities before tax was INR 38.200 million against INR 45.079 million a year ago. Net profit was INR 101.681 million or INR 7.48 per basic and diluted share compared to net profit of INR 117.098 million or INR 8.61 per basic and diluted share 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 (FPED). 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, and others. The FPED provides services like designing, manufacturing, erection & commissioning, mechanical, electrical and instrumentation of process packages, process equipment. The Company is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals, fertilizers, steel plants, pharma, water, and other chemical process industries.