ESAB India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 10, 2023 at 11:17 am EST
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ESAB India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,031.4 million compared to INR 2,765.1 million a year ago. Revenue was INR 3,042.9 million compared to INR 2,783.9 million a year ago. Net income was INR 384.1 million compared to INR 319.1 million a year ago. Basic earnings per share from continuing operations was INR 24.96 compared to INR 20.73 a year ago. Diluted earnings per share from continuing operations was INR 24.96 compared to INR 20.73 a year ago.
For the six months, sales was INR 6,013.9 million compared to INR 5,199.8 million a year ago. Revenue was INR 6,050.6 million compared to INR 5,233.6 million a year ago. Net income was INR 807.9 million compared to INR 575.1 million a year ago. Basic earnings per share from continuing operations was INR 52.5 compared to INR 37.36 a year ago. Diluted earnings per share from continuing operations was INR 52.5 compared to INR 37.36 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 
