Finance Update

AIA Engg reports Q3FY19 net profit rose by 11% yoy

AIA Engineering Ltd’s Q3FY19 consolidated net profit rises 11% yoy to Rs.128.96cr : In-line with Estimates

  • Net profit rose by 11% y-o-y to Rs.128.96 crore from Rs.116.2 crore.
  • Revenue surged by 27% y-o-y to Rs.726.4 crore from Rs.572.2 crore.
  • EBITDA rose by 30.2% y-o-y to Rs.165.2 crore from Rs.126.9 crore.

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AIA Engineering Ltd’s Q3FY19 consolidated net profit rises 11% yoy to Rs.128.96cr : In-line with Estimates

The company’s consolidated revenue stood at Rs.726.44cr, up 26.96% yoy.

AIA Engineering Ltd reported Q3FY19 results almost in line with the estimates. Revenue grew by 27% yoy to Rs.726.44cr against Rs.572.16cr in Q3FY18. EBITDA for the quarter grew by 30.2% yoy to Rs.165.23cr against Rs.126.86cr, in line with the estimate of Rs.165cr. EBITDA margin grew by 58bps yoy to 22.8%. Net profit for the quarter grew by 11% yoy to Rs128.96cr against Rs.116.15cr last year, almost in line with the estimate of Rs.125cr.

• Mining segment sales grew by 23.9% yoy to 40,084 MT in Q3FY19 against 32346 MT in Q3FY18.
• The present installed capacity stands at 340,000 TPA.
• The company has planned to set up manufacturing plant of Mining Liner with estimated capex of Rs.250cr, which will add liner capacity of 50,000 MT per year.

Technical View:

AIA Engineering Ltd is currently trading at Rs.1,742.15, up by 82.95 points or 5% from its previous closing of Rs.1,659.20 on the BSE.
The scrip opened at Rs.1,742.15 and has touched a high and low of Rs.1,742.15 and Rs.1,742.15 respectively. So far 5 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

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