ESAB India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 07:09 am EDT
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ESAB India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,016.8 million compared to INR 2,655.8 million a year ago. Revenue was INR 3,046.9 million compared to INR 2,659.4 million a year ago. Net income was INR 418.6 million compared to INR 213.3 million a year ago. Basic earnings per share from continuing operations was INR 27.2 compared to INR 13.86 a year ago. Diluted earnings per share from continuing operations was INR 27.2 compared to INR 13.86 a year ago.
For the full year, sales was INR 10,908 million compared to INR 8,963 million a year ago. Revenue was INR 10,986 million compared to INR 9,009.8 million a year ago. Net income was INR 1,356.8 million compared to INR 843.1 million a year ago. Basic earnings per share from continuing operations was INR 88.16 compared to INR 54.78 a year ago. Diluted earnings per share from continuing operations was INR 88.16 compared to INR 54.78 a year ago.
ESAB India Limited is an India-based company, which is engaged in the business of fabrication technology. Its product line includes Arc Welding Equipment, Cutting Automation, Filler Metals, Gas Equipment, Manual Plasma Cutting, PPE / Safety, Robotics, Torches, and Welding Automation. Its arc welding equipment products include Engine Driven Welders, MIG Welders (GMAW), Multi-Process Welders, Software, STICK Welders (SMAW), TIG Welders (GTAW), Weld Data Monitoring, and Wire Feeders. Its PPE products include helmets and head protection, gloves, clothing, eye protection and accessories. Its Gas Equipment products include Cutting Machines, H/VAC and Plumbing, Outfits, Regulators, Safety Accessories, Torches, Straight Torches, and Wear Parts. Its Filler Metals products include MIG Wires / TIG Rods, Self-Shielded Flux-Cored Wires, and Gas-Shielded Flux-Cored Wires. Its brands include Alcotec, AMI, Arcair, Conarco, Exaton, Gasarc, Losarc, Soldexa, Stoody, and Thermal Dynamics.
ESAB INDIA LIMITED 
