Ador Welding Limited — Investor Meet, 15-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ador Welding has announced a board meeting to discuss the financial results for the quarter and half-year. FY25 revenue is expected to grow ~5%, led by 25%+ growth internationally (US, Australia), while domestic volumes remained flat. Margin pressure in H1 eased in Q4 due to operational efficiencies and merger integration (~98% complete). The services segment, impacted by ~Rs.16 Cr losses, aims to break even by H1 FY26 with a focus on smaller, higher-margin projects (~Rs.50-60 Cr run-rate). M&R division revenue fell 15% amid softer demand, with margins set to stabilize. Strategic priorities include growth, product mix enrichment, international expansion, and Rs.40 Cr FY26 CAPEX for capacity and import substitution. Management targets steady 10%+ operating margin and faster steel price pass-through. Investor tone is cautiously optimistic on integration progress, segment recovery, and global markets.