ICICI Securities: AIA Engineering’s Healthy Operating Margins Lift Q2 Earnings 
Grinding media and shell liners for mining applications manufactured by AIA Engineering Ltd. (image Company website)

ICICI Securities: AIA Engineering’s Healthy Operating Margins Lift Q2 Earnings 

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.

Click on the attachment to read the full report:

ICICI Securities AIAE Q2FY21 Results Update.pdf

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