Ador Welding Q2 PAT Rises 4% YoY, Declares ₹7.50 Dividend

The Board of Directors meeting was held on Wednesday, 21st October, 2026, commencing at 12:00 Noon and concluding at 03:15 PM.

Approved Unaudited Financial Results (Standalone & Consolidated) for Q2 and H1 ended 30th September, 2026
Prepared pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Received and noted Limited Review Report from Statutory Auditors, M/s. BSR & Co. LLP, Chartered Accountants
Report covers both standalone and consolidated financial results for Q2 and H1 ended 30th September, 2026

Declared special interim dividend of ₹7.50 per equity share for FY 2026-27
Dividend declared to commemorate the 75th anniversary of the company's incorporation
Record Date: Friday, 30th October, 2026
Payment Date: On or before Friday, 20th November, 2026

Revenue from operations: ₹34,420 lakhs (vs ₹28,000 lakhs in Q2 FY26)
Total income: ₹34,900 lakhs (vs ₹28,473 lakhs in Q2 FY26)
Profit before tax: ₹3,585 lakhs (vs ₹3,428 lakhs in Q2 FY26)
Profit after tax: ₹2,668 lakhs (vs ₹2,562 lakhs in Q2 FY26)
Basic EPS: ₹15.33 (vs ₹14.72 in Q2 FY26)
Diluted EPS: ₹15.27 (vs ₹14.72 in Q2 FY26)

Revenue from operations: ₹65,283 lakhs (vs ₹53,054 lakhs in H1 FY26)
Total income: ₹66,465 lakhs (vs ₹54,064 lakhs in H1 FY26)
Profit before tax: ₹7,241 lakhs (vs ₹2,973 lakhs in H1 FY26)
Profit after tax: ₹5,403 lakhs (vs ₹2,216 lakhs in H1 FY26)
Basic EPS: ₹31.04 (vs ₹12.74 in H1 FY26)
Diluted EPS: ₹30.96 (vs ₹12.73 in H1 FY26)

Revenue from operations: ₹34,474 lakhs (vs ₹28,109 lakhs in Q2 FY26)
Total income: ₹34,955 lakhs (vs ₹28,541 lakhs in Q2 FY26)
Profit before tax: ₹3,638 lakhs (vs ₹3,367 lakhs in Q2 FY26)
Profit after tax: ₹2,694 lakhs (vs ₹2,501 lakhs in Q2 FY26)
Basic EPS: ₹15.48 (vs ₹14.37 in Q2 FY26)
Diluted EPS: ₹15.43 (vs ₹14.37 in Q2 FY26)

Revenue from operations: ₹65,420 lakhs (vs ₹53,293 lakhs in H1 FY26)
Total income: ₹66,603 lakhs (vs ₹54,221 lakhs in H1 FY26)
Profit before tax: ₹7,331 lakhs (vs ₹2,863 lakhs in H1 FY26)
Profit after tax: ₹5,454 lakhs (vs ₹2,106 lakhs in H1 FY26)
Basic EPS: ₹31.34 (vs ₹12.10 in H1 FY26)
Diluted EPS: ₹31.25 (vs ₹12.10 in H1 FY26)

Total assets: ₹82,836 lakhs (vs ₹83,808 lakhs as at 31 March 2026)
Equity share capital: ₹1,740 lakhs (unchanged)
Other equity: ₹56,113 lakhs (vs ₹54,647 lakhs as at 31 March 2026)
Total equity: ₹57,853 lakhs (vs ₹56,387 lakhs as at 31 March 2026)
Current borrowings: ₹2,771 lakhs (vs ₹27 lakhs as at 31 March 2026)

Cash flow from operating activities: (₹750) lakhs (vs ₹4,243 lakhs in H1 FY26)
Cash flow from investing activities: ₹106 lakhs (vs (₹782) lakhs in H1 FY26)
Cash flow from financing activities: (₹1,550) lakhs (vs (₹3,671) lakhs in H1 FY26)
Net decrease in cash: (₹2,194) lakhs (vs (₹210) lakhs in H1 FY26)
Cash and cash equivalents at period end: ₹2,032 lakhs (vs ₹2,801 lakhs in H1 FY26)

The consolidated results include 30 Future Technologies Private Limited, a wholly-owned subsidiary
The subsidiary reported total assets of ₹299 lakhs as at 30 September 2026
For H1 FY27, the subsidiary reported revenues of ₹137 lakhs and net loss of ₹64 lakhs
The subsidiary's results were reviewed by other auditors

BSR & Co. LLP conducted limited review of both standalone and consolidated results
Expressed unmodified review conclusion - no material misstatements found
Financial results prepared in accordance with Ind AS 34 and SEBI Listing Regulations

The company operates in one segment: Welding & Related Products and Services
No exceptional items reported in current quarter (vs ₹831 lakhs in FY26)
Previous year included exceptional items related to impairment of investment in subsidiary (₹556 lakhs) and new Labour Codes impact (₹275 lakhs)
Onerous cost and liquidated damages provision of ₹2,792 lakhs recognized in previous year
Impairment reversal on trade receivables of ₹1,412 lakhs recorded in previous year