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AIA ENGINEERING Announces Quarterly Results (2QFY19); Net Profit Up 40.2%

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AIA ENGINEERING Announces Quarterly Results (2QFY19); Net Profit Up 40.2%
Tue, 6 Nov

AIA ENGINEERING has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

AIA ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,5917,1527,4063.5%32.5%
Other incomeRs m217202482139.0%122.2%
TurnoverRs m5,8087,3547,8887.3%35.8%
ExpensesRs m4,4675,5965,9285.9%32.7%
Gross profitRs m1,1241,5561,478-5.0%31.5%
DepreciationRs m1601651819.1%13.1%
InterestRs m161817-7.1%7.7%
Profit before taxRs m1,1661,5741,76212.0%51.2%
TaxRs m2995265474.2%83.0%
Profit after taxRs m8661,0481,21515.9%40.2%
Gross profit margin%20.121.820.0
Effective tax rate%25.733.431.1
Net profit margin%14.914.315.4
* 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 grew 32.5% on a year-on-year (YoY) basis. The expenses were up by 32.7% YoY during the same period.
  • The company's operating profit increased by 31.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.0% in 2QFY19.
  • Depreciation charges increased by 13.1% and finance costs increased by 7.7% YoY, respectively.
  • Other income increased by 122.2% YoY during the quarter.
  • Net profit for the quarter increased by 40.2% YoY. Net profit margins during the quarter increased from 14.9% in 2QFY18 to 15.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit declined by 5.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.0% in 2QFY19 as against 21.8% in 1QFY18.
  • Net profit for the quarter increased by 15.9% QoQ, while net profit margins increased from 14.3% in 1QFY18 to 15.4% in 2QFY19.

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

AIA ENGINEERING Share Price Performance

Over the last one year, AIA ENGINEERING share price has moved up from Rs 1,379.0 to Rs 1,710.7, registering a Gain of Rs 331.7 or around 24.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,086.9 (up 0.2%). Over the last one year it has moved down from 18,531.6 to 18,086.9, a gain of 445 points (down 2.4%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 1,710.7, the price to earnings (P/E) ratio of AIA ENGINEERING stands at 32.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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