AIA Engineernig reported rise of 6.59% in top line sales for the Sep-20 quarter at Rs742.32cr. While the sales did dip sharply in the Jun-20 quarter due to social distancing, the bounce in the Sep-20 quarter has taken it well above the pre-COVID levels and compensated it.
The operating profits for the quarter ended Sep-20 was 26.62% higher on a yoy basis at Rs166.95cr. The net profits for the Sep-20 quarter were lower by 5.62% at Rs143.45cr on the back of higher tax impact in the quarter.
This had an overall impact on the margins of AIA Engineering. For the Sep-20 quarter, the operating profit margins or OPM was up by 356 bps at 22.49%. However, the net profit margins or NPM actually contracted by 250 bps at 19.32% due to higher tax impact.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
AIA Engineering |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
742.32 |
696.59 |
6.56% |
580.35 |
27.91% |
|
Operating Profit |
166.95 |
131.85 |
26.62% |
98.37 |
69.72% |
|
Net Profits |
143.45 |
151.99 |
-5.62% |
129.33 |
10.92% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
15.26 |
16.14 |
|
13.71 |
|
|
OPM |
22.49% |
18.93% |
|
16.95% |
|
|
Net Margins |
19.32% |
21.82% |
|
22.28% |
|
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