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.
ICICI Securities Report
AIA Engineering Ltd. has reported better-than-expected earnings in Q2 FY21, supported 16% YoY growth in mining volumes and 350 basis points YoY improvement in Ebitda margins led by benign commodity cost.
The company is largely back to pre-Covid-19 levels in almost all geographies; however, new client engagement has taken a back seat due to travel restrictions.
We believe client acquisition will pick up once travel situation normalises.
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