AIA Engineering Ltd's Q1FY19 consolidated net profit rises 18.7% yoy to Rs105.04cr: In-line with Estimates

The company’s consolidated revenue stood at Rs715.23cr, up 25.49% yoy.

Aug 09, 2018 12:08 IST India Infoline Research Team

AIA Engineering Ltd Q1FY19

Consolidated Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 715.23 25.5
EBITDA 155.58 19.8
EBITDA Margin (%) 21.8 [103]
Net Profit (adjusted) 105.04 18.7
***EBITDA margin change is bps

AIA Engineering Ltd reported Q1FY19 results in line with the estimates. Net Revenue grew by 25.5% yoy to Rs715.23cr against Rs569.97cr in Q1FY18, in line with the estimates (Rs693cr). EBITDA for the quarter grew by 19.8% yoy to Rs155.58cr against Rs129.85cr, in line with the estimate (Rs162cr). EBITDA margin declined by 103bps yoy to 21.8%. Net profit for the quarter grew by 18.7% yoy to Rs105.04cr against Rs88.45cr last year.

• Production grew by 23.1% yoy to 698.43MT against 567.44MT.
• Mining segment sales grew by 14.6% yoy to 397.26MT.
• Mining Sector sales increased on account of continued business penetration efforts in the sector.
• Order book as on July 1, 2018, stood at Rs835cr.
• The company has planned capex of Rs250cr for manufacturing mining mill optimization products, which shall be commissioned in FY20.

Technical View:

AIA Engineering Ltd is currently trading at Rs. 1,751, down by 31.8 points or 1.78% from its previous closing of Rs. 1,782.80 on the BSE.
The scrip opened at Rs. 1,790 and has touched a high and low of Rs. 1,794.80 and Rs. 1,731.10 respectively. So far 35,782 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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