BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
AIA Engineering Ltd. reported revenue of Rs 8.6 billion, flat YoY (up 19% versus our estimates) as sales volume dropped by 3% YoY while realisation improved by 6% YoY.
Ebitda dropped by 8% YoY to Rs 1.7 billion (up 5% versus our estimates) mainly due to higher raw material expense resulting in contraction of Ebitda margin by 189 basis points to 19.7% (our estimates of 22.5%).
Ebitda/kg has dropped by 5% YoY to Rs 21.3. Adjusted profit after tax declined by 5.6% YoY to Rs 1.3 billion (up 7.5% versus our estimates).
We believe company enjoys significant competitive advantage by having manufacturing base in India, which helps company price its products relatively cheaper to its competitors.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR