AIA Engineering Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- AIA Engineering Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 9.5%.
- Its expenses for the quarter were up by 1.6% QoQ and down 9.2% YoY.
- The net profit increased 1.0% QoQ and decreased 7.5% YoY.
- The earnings per share (EPS) of AIA Engineering Ltd stood at 27.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1133.54 | 1134.31 | 1252.26 | -0.1% | -9.5% |
Total Expenses | 810.33 | 797.39 | 892.01 | 1.6% | -9.2% |
Profit Before Tax | 323.21 | 336.92 | 360.25 | -4.1% | -10.3% |
Tax | 68.50 | 80.92 | 81.10 | -15.3% | -15.5% |
Profit After Tax | 258.89 | 256.43 | 279.90 | 1.0% | -7.5% |
Earnings Per Share | 27.80 | 27.30 | 29.60 | 1.8% | -6.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
AIA Engineering Ltd is a prominent player in the engineering industry, primarily focusing on the design, development, manufacture, installation, and servicing of high chromium wear, corrosion, and abrasion-resistant castings used in the cement, mining, and thermal power generation industries. The company's products are crucial for enhancing efficiency and reducing operational costs in these sectors, offering technical solutions that improve the performance of grinding mills. As of the latest data available before October 2023, AIA Engineering Ltd has been focusing on expanding its market reach and enhancing its product offerings to cater to a broader range of industrial requirements. However, specific information regarding recent major developments within the company is not provided in the data available.
Revenue
For the quarter ending Q3FY25, AIA Engineering Ltd reported a total income of ₹1133.54 crores. When compared to the previous quarter, Q2FY25, which recorded a total income of ₹1134.31 crores, there is a slight quarter-over-quarter (QoQ) decline of 0.1%. Looking at the year-over-year (YoY) perspective, the total income has decreased by 9.5% from Q3FY24, when the company reported total income of ₹1252.26 crores. This reflects a contraction in revenue over the past year. The data indicate a trend of declining revenue on both a quarterly and annual basis, which may be impacted by various market and operational factors.
Profitability
AIA Engineering Ltd's profitability metrics for Q3FY25 reflect a profit before tax (PBT) of ₹323.21 crores, down 4.1% from the previous quarter, Q2FY25, which stood at ₹336.92 crores. On a year-over-year basis, PBT has decreased by 10.3%, down from ₹360.25 crores in Q3FY24. The company reported a tax expense of ₹68.50 crores in Q3FY25, reflecting a significant reduction of 15.3% QoQ and 15.5% YoY. Profit after tax (PAT) for the quarter was ₹258.89 crores, showing a marginal increase of 1.0% QoQ from ₹256.43 crores in Q2FY25, but a decrease of 7.5% YoY from ₹279.90 crores in Q3FY24. Earnings per share (EPS) for Q3FY25 was ₹27.80, marking a 1.8% rise from the previous quarter's ₹27.30, yet a 6.1% fall compared to ₹29.60 in Q3FY24. These metrics highlight changes in the company's profitability over time.
Operating Metrics
In terms of operating metrics, the total expenses for AIA Engineering Ltd in Q3FY25 amounted to ₹810.33 crores. This represents a 1.6% increase from the total expenses of ₹797.39 crores in Q2FY25. However, when compared to the same quarter in the previous year (Q3FY24), there is a notable decrease of 9.2% from ₹892.01 crores. The decrease in expenses year-over-year aligns with the overall decline in total income and profitability. The sequential increase in expenses from the previous quarter may reflect changes in operational strategies or market conditions. These metrics are crucial in understanding the operational efficiency and cost management efforts of the company over time.
