Ador Welding Posts PBT of Rs. 31 Crore in March Quarter

Mumbai, May 29, 2025 – Ador Welding Ltd (BSE: 517041), a prominent provider of industrial welding and cutting solutions, presented its FY25 financial performance and strategic roadmap at the Annual Institutional Investor Conference.

FY25 Financial Performance

Ador Welding recorded a 5% revenue growth in FY25, reaching ₹1,117 crore, compared to ₹1,067 crore in FY24. Despite the top-line growth, operating performance saw a decline. EBITDA dropped to ₹104 crore from ₹119 crore, with margins narrowing from 11.2% to 9.3%. Profit before tax stood at ₹102 crore, down from ₹121 crore in the previous year.

Quarterly Results (₹ Cr)

Segment Highlights

• Products: Revenue reached ₹900 crore, growing 5% year-on-year with an EBIT margin of 12.8%.
• Maintenance & Repair (M&R): Revenue declined 25% to ₹133 crore, though EBIT improved to ₹25 crore.
• Services: Revenue surged 142% to ₹84 crore; EBIT loss narrowed from ₹-16 crore to ₹-8 crore.

Strategic and Operational Updates

• Global Business: International sales rose 25%, crossing ₹150 crore. The company entered new markets in the USA and Australia, with focused OEM channels and regional operations.
• Working Capital: Cycle improved by 18 days to 64 days year-end, driven by better inventory and payables control.
• Cash Flow and Debt: Operating cash flow stood at ₹139 crore; the company remains net debt-free.
• Merger: The integration of Ador Fontech, completed in September 2024, now contributes to M&R.

Additional Updates

• Flares & Process Equipment: Division turnaround underway; ONGC Uran project to be completed in H1 FY26.
• R&D: ISO17025-certified centre with over 1,000 completed case studies.

Outlook

Managing Director Aditya T. Malkani reiterated the company’s goal to become the country’s top welding brand and achieve ₹2,000 crore in revenue by FY29. Focus areas include defence, infrastructure, shipbuilding, and renewables.

Ador Welding, established in 1951, operates five plants and serves customers across over 31,000 Indian pin codes and in more than 15 countries. No dividend was declared in this update.

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REF: https://nsearchives.nseindia.com/corporate/ADORWELD_29052025093303_Final_Letter.pdf