Esab India posts Q1FY23 numbersESABINDIA - 5899 Change: 15.75 (0.27 %)
News: For Q1FY23, Esab India (EIL) reported revenues at Rs 243.5 crore, up 34.4% YoY. EBITDA came in at Rs 35.8 crore, up 27.5% YoY and 18% QoQ. While EBITDA margins came in at 14.7% marginally declined by 79 bps YoY but expanded 325 bps QoQ. Gross margins declined 320 bps YoY to 37.5% but improved 270 bps QoQ basis. PAT came in at Rs 25.6 crore, up 25.8% YoY despite lower other income.
View: Esab India reported strong revenue growth owing better demand for products and services in key sector like infrastructure, automotive, engineering and metals sectors, with sustained margins despite inflationary pressure.