AIA ENGINEERING Announces Quarterly Results (3QFY21); Net Profit Up 2.2%

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AIA ENGINEERING Announces Quarterly Results (3QFY21); Net Profit Up 2.2%
Thu, 11 Feb

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

AIA ENGINEERING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m6,9417,4236,987-5.9%0.7%
Other incomeRs m46024849499.6%7.5%
TurnoverRs m7,4017,6717,481-2.5%1.1%
ExpensesRs m5,2125,5205,264-4.6%1.0%
Gross profitRs m1,7291,8661,759-5.7%1.8%
DepreciationRs m252233230-1.2%-8.6%
InterestRs m131210-23.7%-25.0%
Profit before taxRs m1,9241,8682,0147.8%4.7%
TaxRs m360433416-4.0%15.5%
Profit after taxRs m1,5641,4341,59811.4%2.2%
Gross profit margin%24.925.125.2
Effective tax rate%18.723.220.7
Net profit margin%21.118.721.4
* 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 0.7% on a year-on-year (YoY) basis. The expenses were up by 1.0% YoY during the same period.
  • The company's operating profit increased by 1.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.2% in 3QFY21.
  • Depreciation charges declined by 8.6% and finance costs declined by 25.0% YoY, respectively.
  • Other income increased by 7.5% YoY during the quarter.
  • Net profit for the quarter increased by 2.2% YoY. Net profit margins during the quarter increased from 21.1% in 3QFY20 to 21.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.6% QoQ during the same period.
  • The company's operating profit declined by 5.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.2% in 3QFY21 as against 25.1% in 2QFY20.
  • Net profit for the quarter increased by 11.4% QoQ, while net profit margins increased from 18.7% in 2QFY20 to 21.4% in 3QFY21.

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 1,889.1 to Rs 1,949.0, registering a Gain of Rs 59.9 or around 3.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 21,847.6 (down 1.0%). Over the last one year it has moved up from 16,909.8 to 21,847.6, a gain of 4,938 points (up 29.2%).

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 1,949.0, the price to earnings (P/E) ratio of AIA ENGINEERING stands at 32.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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