AIA Engineering Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 24163.94 Crore) operating in Engineering sector.
AIA Engineering Ltd. key Products/Revenue Segments include Castings, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1100.34 Crore, down -2.80 % from last quarter Total Income of Rs 1132.08 Crore and up 41.17 % from last year same quarter Total Income of Rs 779.46 Crore. Company reported net profit after tax of Rs 191.47 Crore in latest quarter.
Investment Rationale
With the recent decline in commodity prices, the brokerage expects blended realisations to moderate though EBITDA margin is likely to remain intact. Strong business moat, credible management and robust balance sheet give comfort on the company.
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