Ador Welding Q2 FY27 results (Jul–Sep 2026) and concall

Capital Goods · Concall AI · Call held 23 Oct 2026

Company page: Ador Welding share price, financials & guidance record

Ador Welding delivered robust top-line growth in Q2 FY27 with revenues rising 23% YoY to ₹345 crores, supported by double-digit volume growth across core end markets such as infrastructure, railways, and shipbuilding. However, gross margins suffered a noticeable dip to 34.2% driven by a 7%-8% sequential surge in steel prices and supply chain inflation. Management reaffirmed that calibrated price hikes and ongoing pass-throughs will bring gross margins back to targeted 36%-38% levels and sustainable EBITDA margins to 12%-13%.

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What they filed

Q2 FY27: revenue up 22.9%, net profit up 3.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	273	308	251	280	287 +5%	318 +3%	309 +23%	344 +23%
Expenses	249	277	255	245	243	271	273	307
EBITDA	24	31	-4	35	44 +83%	47 +52%	35 +975%	37 +6%
Margin	9%	10%	-2%	12%	15%	15%	11%	11%
Other income	4	4	5	5	-2	3	7	5
Interest	1	1	1	1	0	0	1	1
Depreciation	5	5	5	5	5	5	5	5
Profit before tax	23	30	-5	34	36 +57%	45 +50%	37 +840%	36 +6%
Tax rate	26%	26%	-24%	25%	26%	26%	25%	26%
Net profit	17	22	-3	26	27 +59%	34 +55%	27 +1000%	27 +4%
EPS	9.66	12.64	-1.99	14.72	15.57	19.27	15.72	15.33

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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