Net profit of Esab India declined 1.73% to Rs 9.07 crore in the quarter ended June 2017 as against Rs 9.23 crore during the previous quarter ended June 2016. Sales rose 8.73% to Rs 136.66 crore in the quarter ended June 2017 as against Rs 125.69 crore during the previous quarter ended June 2016.

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The result was announced after market hours yesterday, 3 August 2017.

Meanwhile, the S&P BSE Sensex was down 49.73 points, or 0.15% at 32,188.15. The S&P BSE Small-Cap index was up 7.1 points, or 0.04% at 15,918.44.

On the BSE, 468 shares were traded on the counter so far as against the average daily volumes of 2,609 shares in the past one quarter. The stock had hit a high of Rs 734.65 and a low of Rs 712 so far during the day. The stock had hit a record high of Rs 817.95 on 27 July 2017 and a 52-week low of Rs 531 on 21 November 2016.

The stock had outperformed the market over the past one month till 3 August 2017, advancing 16.59% compared with the Sensex's 3.25% rise. The scrip had also outperformed the market over the past one quarter advancing 17.51% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 23.22% as against the Sensex's 16.39% rise.

The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.

Esab India is one of the leading suppliers of welding and cutting products in the country.

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Esab India will hold a meeting of the Board of Directors of the Company on 3 August 2017.

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Esab India announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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