AIA ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Up 10.9%

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AIA ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Up 10.9%
Tue, 12 Feb

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

AIA ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,7227,4067,264-1.9%27.0%
Other incomeRs m321482289-40.0%-10.0%
TurnoverRs m6,0437,8887,554-4.2%25.0%
ExpensesRs m4,4535,9285,612-5.3%26.0%
Gross profitRs m1,2691,4781,65211.8%30.2%
DepreciationRs m17918121619.6%20.7%
InterestRs m11172019.4%86.9%
Profit before taxRs m1,4001,7621,705-3.2%21.8%
TaxRs m235547413-24.5%75.9%
Profit after taxRs m1,1651,2151,2926.4%10.9%
Gross profit margin%22.220.022.7
Effective tax rate%16.831.124.2
Net profit margin%19.315.417.1
* 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 27.0% on a year-on-year (YoY) basis. The expenses were up by 26.0% YoY during the same period.
  • The company's operating profit increased by 30.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 3QFY19 as against 22.2% in 3QFY18.
  • Depreciation charges increased by 20.7% and finance costs increased by 86.9% YoY, respectively.
  • Other income declined by 10.0% YoY during the quarter.
  • Net profit for the quarter increased by 10.9% YoY. Net profit margins during the quarter declined from 19.3% in 3QFY18 to 17.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.3% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 3QFY19 as against 20.0% in 2QFY18.
  • Net profit for the quarter increased by 6.4% QoQ, while net profit margins increased from 15.4% in 2QFY18 to 17.1% in 3QFY19.

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 1,451.2 to Rs 1,635.0, registering a Gain of Rs 183.8 or around 12.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,585.1 (down 0.1%). Over the last one year it has moved down from 19,558.3 to 16,585.1, a gain of 2,973 points (down 15.2%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 1,635.0, the price to earnings (P/E) ratio of AIA ENGINEERING stands at 30.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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