Q4FY8 Result spikes up shares of AIA Engineering

AIA Engineering consolidated revenue for the quarter came in at Rs. 743.85 crore, registering 11.3 per cent yoy increase. 

EBITDA for the quarter fell by 2.8 per cent yoy to Rs. 166.56 crore with a corresponding margin contraction of 324 bps. EBITDA margin for the quarter stood at 22.4 per cent. This margin contraction was aided by unfavourable movement in inventories of finished goods.

The PAT for the quarter came in at Rs. 151.75 crore, yoy increase of 31.7 per cent. 

In terms of full year, revenue for FY18 increased 6.3 per cent yoy to Rs. 2,467 crore. However, EBITDA for the year dipped 15.6 per cent yoy to Rs. 536 with corresponding margin contraction of 560 bps to 21.7 per cent. Net profit decline marginally by 3 per cent yoy to Rs. 444 crore. 

In response to this result, the stock of AIA Engg spiked almost 4 per cent to touch an intra-day high of Rs. 1,517 per share. The stock closed for the day at Rs. 1,510.9, up by 3.5 per cent