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Ador Welding Limited Q2 FY27 earnings call summary

NSE: ADOR · BSE: 517041

Earnings call of 23 Oct 2026, summarised by AI from the filing.

Ador Welding's Q2 FY27 revenue rose about 23% to ₹345 cr, but gross margin fell to 34.2% on steel inflation, with a 12%-13% EBITDA margin targeted.

Key takeaways

  1. Revenue Q2 FY27 revenue ₹345 cr, up about 23% year-on-year; H1 revenue ₹654 cr, also up 23%.
  2. Gross margin Q2 FY27 gross margin fell to 34.2% on steel and input cost inflation, a bigger dip than management accepts.
  3. Steel costs Steel rose about 7%-8% in Q2 versus Q1 and management does not see prices softening soon.

Original filing on BSE

Ador Welding Limited Q2 FY27 results

As filed: Revenue ₹345 cr (+23% year on year), EBITDA ₹37.7 cr (+5% year on year), PAT ₹26.9 cr (+8% year on year), EBITDA margin 10.9% (−187 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹309 cr (+23% year on year), EBITDA ₹35.7 cr, PAT ₹27.6 cr, EBITDA margin 11.5% (+1,000 bps). Score 82 of 100, Above trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 19% from last quarter. Share price after the results: +15.7% in 30 days (Nifty 500: +0.7%).
  • Q4 FY26: Revenue ₹319 cr (+3% year on year), EBITDA ₹47.2 cr (+52% year on year), PAT ₹34.2 cr (+90% year on year), EBITDA margin 14.8% (+479 bps). Score 74 of 100, Above trend. EBITDA margin rose 479 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +3.0% in 30 days (Nifty 500: −0.9%).
  • Q3 FY26: Revenue ₹287 cr, EBITDA ₹35.2 cr, PAT ₹27.1 cr, EBITDA margin 12.3%. Not scored. No result for the same quarter last year. Share price after the results: +3.1% in 28 days (Nifty 500: −0.7%).
  • Q2 FY26: Revenue ₹280 cr, EBITDA ₹35.0 cr, PAT ₹26.0 cr, EBITDA margin 12.5%. Not scored. No result for the same quarter last year. Share price after the results: +1.3% in 30 days (Nifty 500: +2.8%).
  • Q1 FY26: Revenue ₹251 cr, EBITDA −₹4.0 cr, PAT −₹3.0 cr, EBITDA margin -1.6%. Not scored. No result for the same quarter last year. Share price after the results: −0.5% in 30 days (Nifty 500: +2.8%).
  • Q4 FY25: Revenue ₹308 cr, EBITDA ₹32.0 cr, PAT ₹22.0 cr, EBITDA margin 10.4%. Not scored. No result for the same quarter last year. Share price after the results: +14.7% in 30 days (Nifty 500: +4.5%).

Past price moves after results do not indicate future moves. Not a recommendation.

Ador Welding Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.