| Management target | Revenue 200.0% FY29 |
|---|
| Revenue growth | 23% YoY growth to ₹345 Cr, driven by core infrastructure demand. |
|---|---|
| Margins | Gross margins dipped to 34.2% due to raw material cost pressure. |
| Demand visibility | Strong across oil & gas, railways, defense, and ship-building sectors. |
| Management confidence | Balanced; acknowledged margin pain while remaining optimistic on volume recovery. |
Growth
H1 revenue grew 23% to ₹654 Cr, supported by mid-teen volume growth and international expansion.
Outlook
Targets ₹2,000 Cr revenue by FY29; guides ₹60-70 Cr annual capex for the next two years.
Risks
Persistent steel and copper volatility; inability to pass through costs quickly enough to maintain 12-13% EBITDA levels.
Last quarter's promises, checked
Delivered
- Guided focus on margins → delivered EBITDA margin 12% (= BEAT)
- Targeted Middle East expansion → delivered 15-20% export share (= BEAT)
- Planned closure of Uran project → delivered 97% completion (= BEAT)
Partly delivered
- Guided 100-200 bps EBITDA improvement → delivered flat 12% levels (= PARTIAL)
- Guided INR 30-35Cr annual capex → raised to INR 60-70Cr range (= PARTIAL)
Missed
- Targeted outperforming volume growth → delivered margin dip to 34.2% (= MISS)
Earnings Call Transcript filed with NSE, NSE: ADOR. Summary written with AI assistance from the document.
Ador Welding Ltd: key numbers
- Share price
- ₹1,362.30
- Market cap
- ₹2,371 Cr
- Revenue (annual)
- ₹1,140 Cr
- Net profit (annual)
- ₹81.98 Cr
- P/E (TTM)
- 20.5×Sector 52.0×
- Promoter holding
- 53.65%-0.11% QoQ
- FII holding
- 1.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ador Welding Ltd
All →Ador Welding Capital Structure Change
Clarus Trust bought 5,027 Ador Welding shares on October 22, 2026, lifting its stake to 7.02%. The open-market purchase triggered a SAST Regulation 29(2) disclosure.
Ador Welding Investor Presentation: Key Takeaways
Ador Welding delivered strong Q2 FY27 performance with 23% YoY revenue growth, driven by healthy demand in core industries like infrastructure and railways.
Ador Welding Other Announcement
Ador Welding Ltd has filed its quarterly shareholding pattern for the period ending September 30, 2026, as per regulatory requirements.
Ador Welding Dividend
ADOR Welding declared an interim dividend of ₹7.5 per equity share. Record date is 30 October 2026 with payment by 19 November 2026.
Ador Welding Q2 FY27 Results: Net Profit ₹26.9 Cr, Up 7.6% YoY
Ador Welding Ltd reported revenue from operations of ₹344.7 Cr (+22.6% YoY) and net profit of ₹26.9 Cr (+7.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹26.9 Cr · +7.6% YoY
Ador Welding Legal & Regulatory
Ador Welding Limited has been fined Rs. 0.34 Crore by the Bhiwandi Court for a violation of the Bureau of Indian Standards Act, 2016.
- Value
- ₹0.34 Cr