Investor Presentation

Ador Welding saw Q2 FY26 sales grow 5% year-on-year to 280 Cr, with EBITDA margins expanding significantly to 12.5% (up ~500bps) and PBT margins reaching 12.2%. For the first half (H1 FY26), revenues were slightly soft, dipping 1% to 531 Cr, but operational profitability was robust with 11% EBITDA and PBT margins (58 Cr each), excluding certain charges.

The company also improved its operative working capital by 10 days and maintained a healthy ROCE of 23%. Strategic focus areas include expanding automation offerings, with a clear push towards Robotic Solutions & Cobots, alongside comprehensive CNC, cutting, and drilling solutions.

Recent developments include the launch of new equipment like Champ TIG and Robotic TIG, new consumables like Wind Tower Flux, and securing a win with Tata Defence for an Axel Rod 4WD Vehicle.

The company also granted Employee Stock Options (ESOPs) to select employees.