AIA Engineering Logs Steady Operational Q3 Performance, Decent Volumes: ICICI Direct  
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AIA Engineering Logs Steady Operational Q3 Performance, Decent Volumes: ICICI Direct  


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ICICI Direct Report

AIA Engineering Ltd. reported consolidated revenues at Rs 698.7 crore (below our estimate of Rs 765 crore), merely up 0.7% YoY owing to lower realisation YoY, which declined 5.3% to Rs 105.4 per kg.

Ebitda came in at Rs 172.3 crore, almost flat YoY (versus our estimate of Rs 169 crore).

Ebitda margins declined marginally by 20 bps YoY to 24.7% (above our estimate of 22.1%).

Profit after tax came in at Rs156.1 crore (above our estimate of Rs 125.5 crore), down marginally by 0.2%, YoY owing to tax adjustment in base quarter, higher other income and adjusting for reversal of exceptional item of Rs 3.7 crore towards closure of its subsidiary, Welcast Steels.

Click on the attachment to read the full report:

ICICI Direct AIA Engineering Q3FY21 Result Update.pdf


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