On consolidated basis
Quarter ended September 2023
compared with Quarter ended September 2022.
Net sales (including other operating income) of AIA Engineering has declined
2.55% to Rs 1294.8 crore.
Operating profit margin has jumped
from 23.48% to 29.51%, leading to 22.47% rise in operating profit to Rs 382.11
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 43.66% to 39.99%. Employee cost
increased from 2.79% to 3.48%. Other expenses fell from 30.23% to
25.87%. Power and Oil fuel cost fell from 7.69% to 7.10%.
Freight charges fell from 10.32% to 5.68%.
Other income rose 93.90% to Rs 62.32
crore. PBIDT rose 29.14% to Rs 444.43 crore. Provision
for interest rose 91.73% to Rs 7.42 crore. Loan funds rose to Rs
483.83 crore as of 30 September 2023 from Rs 466.85 crore as of 30 September
2022. Inventories declined from Rs 1,268.23 crore as of 30 September
2022 to Rs 1,123.78 crore as of 30 September 2023. Sundry debtors
were higher at Rs 891.34 crore as of 30 September 2023 compared to Rs 870.59
crore as of 30 September 2022. Cash and bank balance rose to Rs
1,308.53 crore as of 30 September 2023 from Rs 398.34 crore as of 30 September
2022. Investments rose to Rs 2,101.38 crore as of 30 September 2023
from Rs 1,745.87 crore as of 30 September 2022 .
PBDT rose 28.43% to Rs 437.01
crore. Provision for depreciation fell 0.20% to Rs 24.51
crore. Fixed assets increased to Rs 1,139.21 crore as of 30 September
2023 from Rs 1,010.24 crore as of 30 September 2022. Intangible
assets declined from Rs 22.40 crore to Rs 19.89 crore.
Profit before tax grew 30.66% to Rs
412.50 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 88.41 crore, compared
to Rs 70.79 crore. Effective tax rate was 21.43% compared to 22.42%.
Minority interest increased 818.18%
to Rs 1.01 crore. Net profit attributable to owners of the company
increased 31.97% to Rs 323.08 crore.
Equity capital stood at Rs 18.86
crore as of 30 September 2023 to Rs 18.86 crore as of 30 September
2022. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 58.47% as of 30
September 2023 ,compared to 58.47% as of 30 September 2022 .
For year-to-date (YTD) results
analysis.
Net sales (including other operating income) of AIA Engineering has increased
5.23% to Rs 2534.39 crore.
Operating profit margin has jumped
from 23.22% to 28.61%, leading to 29.68% rise in operating profit to Rs 725.14
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 44.96% to 40.66%. Employee cost
increased from 2.99% to 3.45%. Other expenses fell from 29.48% to
26.14%. Power and Oil fuel cost fell from 7.59% to 7.48%.
Freight charges fell from 10.27% to 5.70%.
Other income rose 130.85% to Rs
121.84 crore. PBIDT rose 38.40% to Rs 846.98
crore. Provision for interest rose 200.20% to Rs 14.92
crore. Loan funds rose to Rs 483.83 crore as of 30 September 2023
from Rs 466.85 crore as of 30 September 2022. Inventories declined
from Rs 1,268.23 crore as of 30 September 2022 to Rs 1,123.78 crore as of 30
September 2023. Sundry debtors were higher at Rs 891.34 crore as of
30 September 2023 compared to Rs 870.59 crore as of 30 September
2022. Cash and bank balance rose to Rs 1,308.53 crore as of 30
September 2023 from Rs 398.34 crore as of 30 September
2022. Investments rose to Rs 2,101.38 crore as of 30 September 2023
from Rs 1,745.87 crore as of 30 September 2022 .
PBDT rose 37.08% to Rs 832.06
crore. Provision for depreciation rose 7.47% to Rs 48.75
crore. Fixed assets increased to Rs 1,139.21 crore as of 30
September 2023 from Rs 1,010.24 crore as of 30 September
2022. Intangible assets declined from Rs 22.40 crore to Rs 19.89
crore.
Profit before tax grew 39.47% to Rs
783.31 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 186.69 crore, compared
to Rs 125.26 crore. Effective tax rate was 23.83% compared to
22.30%.
Minority interest increased 9.09% to
Rs 1.20 crore. Net profit attributable to owners of the company
increased 36.79% to Rs 595.42 crore.
Equity capital stood at Rs 18.86
crore as of 30 September 2023 to Rs 18.86 crore as of 30 September
2022. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 58.47% as of 30
September 2023 ,compared to 58.47% as of 30 September 2022 .
Cash flow from operating activities
increased to Rs 572.87 crore for YTD ended September 2023 from Rs 299.52 crore
for YTD ended September 2022. Cash flow used in acquiring fixed
assets during the YTD ended September 2023 stood at Rs 100.46 crore, compared
to Rs 70.32 crore during the YTD ended September 2022.
Full year results analysis.
Net sales (including other operating income) of AIA Engineering has increased
37.63% to Rs 4908.76 crore.
Operating profit margin has jumped
from 20.21% to 25.27%, leading to 72.08% rise in operating profit to Rs
1,240.64 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 46.79% to 41.79%. Employee cost
decreased from 3.54% to 3.11%. Other expenses fell from 31.37% to
29.70%. Power and Oil fuel cost fell from 8.34% to 7.71%.
Freight charges fell from 10.71% to 9.76%.
Other income rose 50.07% to Rs
234.54 crore. PBIDT rose 68.16% to Rs 1475.18
crore. Provision for interest rose 422.08% to Rs 20.1
crore. Loan funds rose to Rs 502.55 crore as of 31 March 2023 from
Rs 9.83 crore as of 31 March 2022. Inventories declined from Rs
1,226.01 crore as of 31 March 2022 to Rs 1,218.02 crore as of 31 March
2023. Sundry debtors were higher at Rs 860.84 crore as of 31 March
2023 compared to Rs 800.15 crore as of 31 March 2022. Cash and bank
balance rose to Rs 805.99 crore as of 31 March 2023 from Rs 506.10 crore as of
31 March 2022. Investments rose to Rs 2,254.32 crore as of 31 March
2023 from Rs 1,055.41 crore as of 31 March 2022 .
PBDT rose 66.60% to Rs 1455.08
crore. Provision for depreciation rose 1% to Rs 93.04
crore. Fixed assets increased to Rs 1,090.30 crore as of 31 March
2023 from Rs 980.34 crore as of 31 March 2022. Intangible assets
stood at Rs 19.89 crore.
Profit before tax grew 74.34% to Rs
1,362.04 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 305.54 crore, compared
to Rs 161.65 crore. Effective tax rate was 22.43% compared to
20.69%.
Net profit attributable to owners of
the company increased 70.40% to Rs 1,055.93 crore.
Equity capital stood at Rs 18.86
crore as of 31 March 2023 to Rs 18.86 crore as of 31 March 2022. Per
share face Value remained same at Rs 2.00.
Promoters’ stake was 58.47% as of 31
March 2023 ,compared to 58.47% as of 31 March 2022 .
Cash flow from operating activities
has turned positive Rs 867.72 crore for year ended March 2023 from negative Rs
39.55 crore for year ended March 2022. Cash flow used in acquiring
fixed assets during the year ended March 2023 stood at Rs 194.78 crore,
compared to Rs 125.47 crore during the year ended March 2022.
Others:
Order
Book: Order book as at 1st Oct 2023: Rs. 693 cr
| AIA Engineering : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,294.80 | 1,328.66 | -2.55 | 2,534.39 | 2,408.35 | 5.23 | 4,908.76 | 3,566.55 | 37.63 | | OPM (%) | 29.51 | 23.48 | 603 bps | 28.61 | 23.22 | 539 bps | 25.27 | 20.21 | 506 bps | | OP | 382.11 | 312.00 | 22.47 | 725.14 | 559.19 | 29.68 | 1,240.64 | 720.95 | 72.08 | | Other Inc. | 62.32 | 32.14 | 93.90 | 121.84 | 52.78 | 130.85 | 234.54 | 156.29 | 50.07 | | PBIDT | 444.43 | 344.14 | 29.14 | 846.98 | 611.97 | 38.40 | 1,475.18 | 877.24 | 68.16 | | Interest | 7.42 | 3.87 | 91.73 | 14.92 | 4.97 | 200.20 | 20.10 | 3.85 | 422.08 | | PBDT | 437.01 | 340.27 | 28.43 | 832.06 | 607.00 | 37.08 | 1,455.08 | 873.39 | 66.60 | | Depreciation | 24.51 | 24.56 | -0.20 | 48.75 | 45.36 | 7.47 | 93.04 | 92.12 | 1.00 | | PBT | 412.50 | 315.71 | 30.66 | 783.31 | 561.64 | 39.47 | 1362.04 | 781.27 | 74.34 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 412.5 | 315.71 | 30.66 | 783.31 | 561.64 | 39.47 | 1362.04 | 781.27 | 74.34 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 412.5 | 315.71 | 30.66 | 783.31 | 561.64 | 39.47 | 1362.04 | 781.27 | 74.34 | | Taxation | 88.41 | 70.79 | 24.89 | 186.69 | 125.26 | 49.04 | 305.54 | 161.65 | 89.01 | | PAT | 324.09 | 244.92 | 32.32 | 596.62 | 436.38 | 36.72 | 1056.5 | 619.62 | 70.51 | | Minority Interest (MI) | 1.01 | 0.11 | 818.18 | 1.2 | 1.1 | 9.09 | 0.57 | -0.06 | PL | | Net profit | 323.08 | 244.81 | 31.97 | 595.42 | 435.28 | 36.79 | 1055.93 | 619.68 | 70.40 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 323.08 | 244.81 | 31.97 | 595.42 | 435.28 | 36.79 | 1055.93 | 619.68 | 70.40 | | EPS (Rs)* | 34.25 | 25.96 | 31.97 | 63.13 | 46.15 | 36.79 | 111.95 | 65.70 | 70.40 | | | * EPS is on current equity of Rs 18.86 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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