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AIA Engineering Q4 Review - Steady Operational Performance, Reasonable Volumes: ICICI Direct

AIA Engineering Q4 Review - Steady Operational Performance, Reasonable Volumes: ICICI Direct

<div class="paragraphs"><p>Employee Kirk Carpenter uses a grinding wheel as he assembles the bottom of a steel pole. (Photographer: Daniel Acker/Bloomberg)</p></div>
Employee Kirk Carpenter uses a grinding wheel as he assembles the bottom of a steel pole. (Photographer: Daniel Acker/Bloomberg)

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 Direct Report

AIA Engineering Ltd. reported consolidated revenues at Rs 860.2 crore (in line with our estimate of Rs 859.6 crore), up marginally by 0.4% YoY owing to a decline of 3.3% in volumes YoY.

Realisations grew 6% to Rs 107.1/kg YoY. Ebitda came in at Rs 169.2 crore, down 8.4% YoY (versus our estimate of Rs 190.8 crore).

Ebitda margins fell 190 basis points YoY to 19.7% (below our estimate of 22.2%) impacted by commodity prices.

Profit after tax came in at Rs 133.1 crore (below our estimate of Rs 158.6 crore), declining 6.5% YoY partly impacted by lower other income, which declined 20.4% YoY to Rs 23.2 crore.

Click on the attachment to read the full report:

ICICI Direct AIA Engineering Q4FY21 Result Update.pdf

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