BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
AIA Engineering Ltd. reported consolidated revenues at Rs 1093.3 crore (above our estimate of Rs 992.1 crore), up 27.1% YoY.
Ebitda came in at Rs 225.4 crore, up 33.2% YoY (above our estimate of Rs 187.9 crore).
Ebitda margins improved 94 basis points YoY to 20.6% (above our estimate of 18.9%), helped by increased in gross margins to 56.7% (versus 53.1% in Q4 FY21) amid higher commodity prices being passed.
AIA Engineering reported profit after tax at Rs 193.5 crore (above our estimate of Rs 149.1 crore), up 45.3%YoY, aided by higher other income, which grew 66.7% YoY to Rs 38.7 crore.
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