Capitaline

Results 17-Aug-24

Analysis

AIA Engineering

Net down 5% on lower sales

Consolidated net sales (including other operating income) of AIA Engineering for the quarter ended Jun 2024 has declined 17.72% to Rs 1019.97 crore. Operating profit margin has jumped from 27.67% to 28.32%, leading to 15.80% decline in operating profit to Rs 288.85 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 41.36% to 42.83%. Employee cost increased from 3.41% to 4.23%. Other expenses fell from 26.42% to 26.35%. Power and Oil fuel cost fell from 7.89% to 7.57%. Freight charges rose from 5.72% to 5.79%.

Other income rose 37.81% to Rs 82.01 crore. PBIDT fell 7.87% to Rs 370.86 crore. Provision for interest fell 14.93% to Rs 6.38 crore.

PBDT fell 7.74% to Rs 364.48 crore. Provision for depreciation rose 4.58% to Rs 25.36 crore.

Profit before tax down 8.54% to Rs 339.12 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 81.16 crore, compared to Rs 98.28 crore. Effective tax rate was 23.83% compared to 26.50%.

Net profit attributable to owners of the company decreased 4.69% to Rs 259.58 crore.

Promoters’ stake was 58.47% as of 30 June 2024 ,compared to 58.47% as of 30 June 2023 .

AIA Engineering : Consolidated Results

	Quarter ended			Year ended
Particulars	202406	202306	Var.(%)	202403	202303	Var.(%)
Net Sales (including other operating income)	1,019.97	1,239.58	-17.72	4,853.76	4,908.76	-1.12
OPM (%)	28.32	27.67	65 bps	27.48	25.27	220 bps
OP	288.85	343.04	-15.80	1,333.76	1,240.64	7.51
Other Inc.	82.01	59.51	37.81	281.40	234.54	19.98
PBIDT	370.86	402.55	-7.87	1,615.16	1,475.18	9.49
Interest	6.38	7.50	-14.93	28.38	20.10	41.19
PBDT	364.48	395.05	-7.74	1,586.78	1,455.08	9.05
Depreciation	25.36	24.25	4.58	100.27	93.04	7.77
PBT	339.12	370.80	-8.54	1486.51	1362.04	9.14
Share of Profit/(Loss) from Associates	1.44	0	-	1.51	0	-
PBT before EO	340.56	370.8	-8.16	1488.02	1362.04	9.25
EO Income	0	0	-	0	0	-
PBT after EO	340.56	370.8	-8.16	1488.02	1362.04	9.25
Taxation	81.16	98.28	-17.42	351.03	305.54	14.89
PAT	259.4	272.52	-4.81	1136.99	1056.5	7.62
Minority Interest (MI)	-0.18	0.18	LP	1.42	0.57	149.12
Net profit	259.58	272.34	-4.69	1135.57	1055.93	7.54
P/(L) from discontinued operations net of tax	0	0	-	0	0	-
Net profit after discontinued operations	259.58	272.34	-4.69	1135.57	1055.93	7.54
EPS (Rs)*	27.52	28.87	-4.69	120.40	111.95	7.54

* EPS is on current equity of Rs 18.86 crore, Face value of Rs 2, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

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