Ador Welding Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting
13-08-2025 | 02:06 pm
13-08-2025 | 02:06 pm
Ador Welding has announced a board meeting where it approved the consolidated financial results for the quarter. The company reported a net loss of Rs 3.95 Cr, a sharp decline from a profit of Rs 19.86 Cr in the same quarter last year. This significant swing to loss is primarily due to a one-time provision of Rs 27.92 Cr. This provision covers estimated cost overruns and potential liquidated damages related to a turnkey project in its Flares & Process Equipment segment. The company also confirmed that the final dividend of Rs 20 per share for the previous financial year was approved and paid.
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