Esab India reports strong Q2 PerformanceESABINDIA - 3792 Change: 243.25 (6.85 %)
News: Esab India reported strong numbers for Q2FY22. Revenues grew 33.3% YoY to Rs.221.2 crore, exceeding pre-Covid levels. EBITDA came in strong at Rs.32.2 crore, up by 38.4% on YoY basis while EBITDA margins came in at 14.5% expanding 50 bps YoY. PAT came in at Rs.23.7 crore, up 33.7%, YoY partly impacted by lower other income, which came in at Rs.2.7 crore with a decline of 27% YoY .
Views: Overall, the company is expected to further strengthen its leadership position through value added new product offerings, penetrating automation and robotics products in welding industry which will drive growth in coming years with revival seen in infra, engineering, auto and metal sectors etc. Esab’s debt free status would help further enhance its return ratios and operating cash flows and superior margins in the long run led by cost efficiencies, product mix and global capabilities.