AIA Engineering Ltd's Q4FY18 consolidated net profit rises 31.66% yoy to Rs151.75cr : Beats Estimates

The company’s consolidated revenue stood at Rs743.85cr, up 14.86% yoy.

May 16, 2018 12:05 IST India Infoline Research Team

AIA Engineering Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 743.85 14.9
EBITDA 166.58 4.1
EBITDA Margin (%) 22.4 [232]
Net Profit (adjusted) 151.75 31.7
***EBITDA margin change is bps


Reco. Price


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AIA Engineering reported Q4FY18 results above the estimates. Company’s consolidated operating revenue grew by 14.9% yoy to Rs743.85cr as against Rs647.62cr (Net of excise duty) in Q4FY17. The company’s EBITDA margin has declined by 232bps yoy to 22.4%. The company reported an EBITDA of Rs166.58cr with increase of 4.1% yoy. The company’s Net Profit grew by 31.7% yoy to Rs151.75cr as against Rs115.26cr last year.

• The company has approved the technical collaboration agreement with EE Mill Solutions LLP.
• The present installed capacity is 3,40,000 TPA.
• Total capital outlay for Grinding Media, Mill Liners and Wind Turbine will be Rs800cr (Rs500cr over FY 2018-19 & Rs300cr over FY 2019-20).
• Incremental volume growth in Mining is estimated to be in the range of 40,000-50,000 MT per year from FY 2018-19 onwards.
• Order book as at April 01, 2018 is Rs744cr.

Technical View:

AIA Engineering Ltd is currently trading at Rs. 1,510.85, up by 51.05 points or 3.5% from its previous closing of Rs. 1,459.80 on the BSE.
The scrip opened at Rs. 1,459.05 and has touched a high and low of Rs. 1,517 and Rs. 1,444.75 respectively. So far 1,85,265 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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