Ador Welding: Strong Q2 growth, efficiency gains detailed.

Ador Welding Limited announced a robust Q2 FY26, with sales growing by 5% over Q2 FY25. Gross margins for the quarter stood at 32.7%, while EBIDTA saw a substantial 12.5% increase, rising by approximately 500 basis points. PBT margins for Q2 FY26 were 12.2%. The company also granted employee stock options (ESOP) to select employees across the organization.

For the first half of FY26, revenues remained soft, though gross margins were healthy at 31.8%. EBIDTA margins reached 11%, and PBT for H1 FY26 was reported at Rs 58 crs, representing an 11% margin. The company also reported an improvement in operative working capital by 10 days over September 2024, with total days at 62 compared to 72.

Beyond financials, Ador Welding introduced new products, including the "Rhino S" and "Champ TIG 402/502 ACDC" for equipment, and "Wind Tower Flux" and "500 Kg MIG Drum Packs" for consumables. The company is also expanding its automation offerings with new CNC solutions and moving towards robotic solutions and cobots, building on recent successes like the Tata Defence - Axel Rod 4WD Vehicle.