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Consolidated net sales (including other operating income) of AIA Engineering for the quarter ended Sep 2024 has declined 19.35% to Rs 1044.21 crore. Operating profit margin has declined from 29.51% to 26.40%, leading to 27.85% decline in operating profit to Rs 275.68 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 39.99% to 37.85%. Employee cost increased from 3.48% to 4.71%. Other expenses rose from 25.87% to 29.58%. Power and Oil fuel cost fell from 7.10% to 6.83%. Freight charges rose from 5.68% to 5.95%. Other income rose 44.58% to Rs 90.1 crore. PBIDT fell 17.70% to Rs 365.78 crore. Provision for interest fell 28.98% to Rs 5.27 crore. PBDT fell 17.51% to Rs 360.51 crore. Provision for depreciation fell 3.79% to Rs 23.58 crore. Profit before tax down 18.32% to Rs 336.93 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 80.92 crore, compared to Rs 88.41 crore. Effective tax rate was 23.99% compared to 21.43%. Net profit attributable to owners of the company decreased 20.54% to Rs 256.72 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of AIA Engineering has declined 18.55% to Rs 2064.17 crore. Operating profit margin has declined from 28.61% to 27.35%, leading to 22.15% decline in operating profit to Rs 564.52 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.66% to 40.46%. Employee cost increased from 3.45% to 4.46%. Other expenses rose from 26.14% to 27.89%. Power and Oil fuel cost fell from 7.48% to 7.22%. Freight charges rose from 5.70% to 5.87%. Other income rose 41.27% to Rs 172.12 crore. PBIDT fell 13.03% to Rs 736.64 crore. Provision for interest fell 21.92% to Rs 11.65 crore. Loan funds declined from Rs 483.83 crore as of 30 September 2023 to Rs 126.08 crore as of 30 September 2024. Inventories rose to Rs 1,173.09 crore as of 30 September 2024 from Rs 1,123.78 crore as of 30 September 2023. Sundry debtors were lower at Rs 759.23 crore as of 30 September 2024 compared to Rs 891.34 crore as of 30 September 2023. Cash and bank balance declined from Rs 1,308.53 crore as of 30 September 2023 to Rs 452.30 crore as of 30 September 2024. Investments rose to Rs 2,925.07 crore as of 30 September 2024 from Rs 2,101.38 crore as of 30 September 2023 . PBDT fell 12.87% to Rs 724.99 crore. Provision for depreciation rose 0.39% to Rs 48.94 crore. Fixed assets increased to Rs 1,233.01 crore as of 30 September 2024 from Rs 1,136.25 crore as of 30 September 2023. Intangible assets declined from Rs 22.85 crore to Rs 19.89 crore. Profit before tax down 13.69% to Rs 676.05 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 162.08 crore, compared to Rs 186.69 crore. Effective tax rate was 23.91% compared to 23.83%.Net profit attributable to owners of the company decreased 13.29% to Rs 516.30 crore. Equity capital decreased from Rs 18.86 crore as of 30 September 2023 to Rs 18.66 crore as of 30 September 2024 . Per share face Value remained same at Rs 2.00. Promoters’ stake was 58.50% as of 30 September 2024 ,compared to 58.47% as of 30 September 2023 . Cash flow from operating activities increased to Rs 628.36 crore for YTD ended September 2024 from Rs 572.87 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 89.06 crore, compared to Rs 100.46 crore during the YTD ended September 2023.
| AIA Engineering : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 1,044.21 | 1,294.80 | -19.35 | 2,064.17 | 2,534.39 | -18.55 | 4,853.76 | 4,908.76 | -1.12 | | OPM (%) | 26.40 | 29.51 | -311 bps | 27.35 | 28.61 | -126 bps | 27.48 | 25.27 | 220 bps | | OP | 275.68 | 382.11 | -27.85 | 564.52 | 725.14 | -22.15 | 1,333.76 | 1,240.64 | 7.51 | | Other Inc. | 90.10 | 62.32 | 44.58 | 172.12 | 121.84 | 41.27 | 281.40 | 234.54 | 19.98 | | PBIDT | 365.78 | 444.43 | -17.70 | 736.64 | 846.98 | -13.03 | 1,615.16 | 1,475.18 | 9.49 | | Interest | 5.27 | 7.42 | -28.98 | 11.65 | 14.92 | -21.92 | 28.38 | 20.10 | 41.19 | | PBDT | 360.51 | 437.01 | -17.51 | 724.99 | 832.06 | -12.87 | 1,586.78 | 1,455.08 | 9.05 | | Depreciation | 23.58 | 24.51 | -3.79 | 48.94 | 48.75 | 0.39 | 100.27 | 93.04 | 7.77 | | PBT | 336.93 | 412.50 | -18.32 | 676.05 | 783.31 | -13.69 | 1486.51 | 1362.04 | 9.14 | | Share of Profit/(Loss) from Associates | 0.42 | 0 | - | 1.86 | 0 | - | 1.51 | 0 | - | | PBT before EO | 337.35 | 412.5 | -18.22 | 677.91 | 783.31 | -13.46 | 1488.02 | 1362.04 | 9.25 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 337.35 | 412.5 | -18.22 | 677.91 | 783.31 | -13.46 | 1488.02 | 1362.04 | 9.25 | | Taxation | 80.92 | 88.41 | -8.47 | 162.08 | 186.69 | -13.18 | 351.03 | 305.54 | 14.89 | | PAT | 256.43 | 324.09 | -20.88 | 515.83 | 596.62 | -13.54 | 1136.99 | 1056.5 | 7.62 | | Minority Interest (MI) | -0.29 | 1.01 | LP | -0.47 | 1.2 | LP | 1.42 | 0.57 | 149.12 | | Net profit | 256.72 | 323.08 | -20.54 | 516.3 | 595.42 | -13.29 | 1135.57 | 1055.93 | 7.54 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 256.72 | 323.08 | -20.54 | 516.3 | 595.42 | -13.29 | 1135.57 | 1055.93 | 7.54 | | EPS (Rs)* | 27.22 | 34.25 | -20.54 | 54.74 | 63.13 | -13.29 | 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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