AIA Engineering Ltd's Q3FY19 consolidated net profit rises 11% yoy to Rs128.96cr : In-line with Estimates

The company’s consolidated revenue stood at Rs726.44cr, up 26.96% yoy.

Feb 09, 2019 05:02 IST India Infoline Research Team

AIA Engineering Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 726.44 27.0
EBITDA 165.23 30.2
EBITDA Margin (%) 22.8 58
Net Profit 128.96 11.0
***EBITDA margin change is bps

AIA Engineering Ltd reported Q3FY19 results almost in line with the estimates. Revenue grew by 27% yoy to Rs726.44cr against Rs572.16cr in Q3FY18. EBITDA for the quarter grew by 30.2% yoy to Rs165.23cr against Rs126.86cr, in line with the estimate of Rs165cr. EBITDA margin grew by 58bps yoy to 22.8%. Net profit for the quarter grew by 11% yoy to Rs128.96cr against Rs116.15cr last year, almost in line with the estimate of Rs125cr.

• Mining segment sales grew by 23.9% yoy to 40,084 MT in Q3FY19 against 32346 MT in Q3FY18.
• The present installed capacity stands at 340,000 TPA.
• The company has planned to set up manufacturing plant of Mining Liner with estimated capex of Rs250cr, which will add liner capacity of 50,000 MT per year.

Technical View:

AIA Engineering Ltd is currently trading at Rs. 1,742.15, up by 82.95 points or 5% from its previous closing of Rs. 1,659.20 on the BSE.
The scrip opened at Rs. 1,742.15 and has touched a high and low of Rs. 1,742.15 and Rs. 1,742.15 respectively. So far 5 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.

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