AIA ENGINEERING Announces Quarterly Results (1QFY21); Net Profit Down 7.3%

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AIA ENGINEERING Announces Quarterly Results (1QFY21); Net Profit Down 7.3%
Tue, 22 Sep

AIA ENGINEERING has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

AIA ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m7,3338,5695,803-32.3%-20.9%
Other incomeRs m386292748155.9%93.6%
TurnoverRs m7,7198,8616,551-26.1%-15.1%
ExpensesRs m5,6476,7224,569-32.0%-19.1%
Gross profitRs m1,6861,8471,235-33.2%-26.8%
DepreciationRs m236269251-6.5%6.3%
InterestRs m1414143.2%-1.5%
Profit before taxRs m1,8221,8571,717-7.6%-5.8%
TaxRs m427433424-2.2%-0.6%
Profit after taxRs m1,3951,4241,293-9.2%-7.3%
Gross profit margin%23.021.621.3
Effective tax rate%23.423.324.7
Net profit margin%18.116.119.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 20.9% on a year-on-year (YoY) basis. The expenses were down by 19.1% YoY during the same period.
  • The company's operating profit declined by 26.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.3% in 1QFY21 as against 23.0% in 1QFY20.
  • Depreciation charges increased by 6.3% and finance costs declined by 1.5% YoY, respectively.
  • Other income increased by 93.6% YoY during the quarter.
  • Net profit for the quarter declined by 7.3% YoY. Net profit margins during the quarter increased from 18.1% in 1QFY20 to 19.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.0% QoQ during the same period.
  • The company's operating profit declined by 33.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.3% in 1QFY21 as against 21.6% in 4QFY20.
  • Net profit for the quarter declined by 9.2% QoQ, while net profit margins increased from 16.1% in 4QFY20 to 19.7% in 1QFY21.

To see how AIA ENGINEERING has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

AIA ENGINEERING Share Price Performance

Over the last one year, AIA ENGINEERING share price has moved up from Rs 1,649.4 to Rs 1,776.6, registering a Gain of Rs 127.2 or around 7.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 13,259.4 (down 2.3%). Over the last one year it has moved down from 18,070.6 to 13,259.4, a gain of 4,811 points (down 26.6%).

Overall, the S&P BSE SENSEX is up 3.3% over the year.

Current Valuations

At the current price of Rs 1,776.6, the price to earnings (P/E) ratio of AIA ENGINEERING stands at 28.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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