AIA Engineering Q2 Results | Net profit declines 21% to ₹257 crore, revenue falls 28% ₹1,044 crore

AIA Engineering Ltd (AIEL) on Wednesday (October 30) reported a 20.5% year-on-year (YoY) decline in net profit at ₹256.7 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, AIA Engineering posted a net profit of ₹323 crore, the company said in a regulatory filing. The company’s revenue from operations slides 19.4% to ₹1,044.2 crore as against ₹1,294.8 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA dropped 28% to ₹275.7 crore in the second quarter of this fiscal over ₹382 crore in the corresponding period in the previous fiscal.

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EBITDA margin stood at 26.4% in the reporting quarter as compared to 29.5% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

AIA Engineering reported a capital expenditure of ₹93 crore for the first half of FY 2025, supporting its installed capacity of 460,000 TPA. The company’s order book stood at ₹655 crore as of October 1, 2024.

Additionally, as of October 30, 2024, AIA Engineering has outstanding foreign currency forward contracts totalling $50.55 million and AUD 30.05 million in sales contracts.

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Shares of AIA Engineering Ltd ended at ₹3,928.70, up by ₹17.20, or 0.44% on the BSE.