BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Ador Welding Ltd. reported consolidated revenues at Rs 161.7 crore, up 15.6% YoY, 19.6% QoQ, led by better performance in consumables and equipment business.
Ebitda came in at Rs 15.6 crore, up 46% YoY, 116% QoQ owing to stable gross margins and controlled other expenses.
Ebitda margin improved 200 basis points to 9.6% YoY.
Gross margins for Q4 FY21 improved marginally by 20 basis points to 29.1% on a QoQ basis.
For Q4 FY21, the company reported exceptional item of Rs 24 crore, as provision for doubtful debt and bad debt written off, significantly impacting reported profit after tax.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
