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AIA Engineering set to report subdued Q4 numbers

IIFL estimates the company’s net profit to tumble to Rs.87 crore, at a rate of 22.8% yoy and 7% qoq.

May 24, 2016 8:54 IST | India Infoline News Service
AIA Engineering
AIA Engineering, one of the leading players in other industrial goods in India, will announce its financial results on May 25th for the fourth ended March 31, 2016.

IIFL estimates the company’s net profit to tumble to Rs.87 crore, at a rate of 22.8% yoy and 7% qoq.     
 
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to plummet to Rs. 562 crore, at a rate of 7% yoy; however, the same is likely to surge 14.1% qoq.              

Operating profit margin is estimated to be at 23%, with a yoy drop of 304 bps. 

Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.

Other key quarterly results on May 25 include Abbott India, Apar Industries, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries, Info Edge India, L&T, Lakshmi Machine Works, Prism Cement, Siti Cable, Thermax, TV Today, VIP Industries, and Wheels India.

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