Esab India Q1 Results Revenue Declines 3.32% QoQ but Grows 10.51% YoY

Esab India Q1 Results: Esab India’s Q1 financial results for June 2024 show a solid performance with growth compared to the same period last year. The company’s total revenue for the quarter was ₹329.61 crores, which is a 10.51% increase from June 2023, indicating strong sales growth. However, when compared to the previous quarter (March 2023), revenue saw a slight decrease of 3.32%.

Esab India’s operating expenses, which include costs like selling, general, and administrative expenses, also rose. Selling and administrative expenses were ₹28.27 crores, up by 13.81% from last year, which shows that the company is spending more on these areas to support its operations. The company’s other operating expenses increased significantly, by 31.89%, totaling ₹46.78 crores. Despite these higher costs, the company managed to generate an operating income of ₹58.74 crores, showing a modest increase of 7.88% compared to last year.

Esab India’s net income, which is the profit after all expenses, was ₹44.45 crores, up by 4.88% from the previous year. The company's earnings per share (EPS) also improved slightly, reaching ₹28.88, a 4.87% increase from last year. Overall, Esab India’s Q1 results reflect steady growth, with rising revenues and controlled expenses leading to higher profits.

Here’s a summary of Esab India's Q1 financial results for June 2024 in very simple English:

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Esab India Q1 Results

The financial results of ESAB India for the quarter ending June 30, 2024, show a stable performance compared to previous periods. The company reported a total income from operations of Rs. 33,082 lakhs, which is slightly lower than the Rs. 34,226 lakhs in the previous quarter (March 2024) but higher than Rs. 30,077 lakhs in the same quarter last year (June 2023). This indicates that the company's revenue has grown compared to last year, though it saw a slight dip from the last quarter.

The net profit before tax and exceptional items was Rs. 5,984 lakhs, almost the same as the previous quarter's Rs. 5,992 lakhs and higher than the Rs. 5,688 lakhs reported in June 2023. This suggests that the company is maintaining its profitability over time.

After accounting for taxes and any extraordinary items, the net profit for the quarter stood at Rs. 4,445 lakhs, showing consistency with the previous quarter's Rs. 4,425 lakhs and an improvement over the Rs. 4,238 lakhs recorded a year ago. The earnings per share (EPS) for this quarter were Rs. 28.88, slightly up from Rs. 28.75 in the previous quarter and Rs. 27.54 a year ago, indicating steady returns for shareholders.

ESAB India has shown consistent financial performance, with slight improvements in profitability and shareholder returns over the past year.

Here’s a simplified summary of the financial results for ESAB India for the quarter ended June 30, 2024:

Esab India Stock Performance

The table provides key financial details about Esab India, a company in the stock market. It has a market capitalization of ₹9,459 Crores, indicating its total market value. The current share price is ₹6,146, and over the past year, the highest price was ₹6,999, while the lowest was ₹4,619. The Price-to-Earnings (P/E) ratio is 57.3, showing how much investors are willing to pay per rupee of earnings.

Here's the information in a table format:

Quarterly Results 

For Esab India, the financial data for December 2023, March 2024, and June 2024 shows steady growth. In December 2023, the company had sales of Rs. 301 crores and a net profit of Rs. 38 crores, with an operating profit margin of 18%. By March 2024, sales rose to Rs. 341 crores, and net profit increased to Rs. 44 crores, maintaining the same operating profit margin of 18%.

Here's the data for December 2023, March 2024, and June 2024:

About Esab India

ESAB India is a major player in the field of welding and cutting technology. As part of ESAB’s global network, ESAB India provides a wide range of products and solutions for various industries. The company offers high-quality equipment and consumables designed for welding and cutting, including filler metals, arc equipment, gas control equipment, and automation systems. They also supply personal protective equipment (PPE), manual plasma tools, specialty gases, and digital solutions.

ESAB India serves many important sectors such as shipbuilding, aerospace, automotive, pipelines, power generation, and repair and maintenance. Their products are used in manufacturing, construction, and other industries that require precise and reliable welding and cutting solutions.

ESAB India focuses on innovation and continuous improvement, ensuring that their technology meets the latest industry standards and customer needs. With a strong commitment to quality and customer satisfaction, ESAB India aims to be a leading provider of welding and cutting solutions in the country. Their dedication to excellence helps them support various industrial applications and contribute to the advancement of fabrication technology.