AIA Engineering Ltd.

NSE: AIAENG | BSE: 532683 | ISIN: INE212H01026 | Industry: Castings & Forgings
| Falling Comet
3132.6000 -62.70 (-1.96%)
NSE Jul 31, 2025 15:31 PM
Volume: 45,435
 

3132.60
-1.96%
HDFC Securities
Downgrade to Neutral with a TP of Rs 1,497 (25x Sep-19 EPS). AIA Engineering (AIAE) posted weak numbers (EBITDA: Rs 1.12bn, (29.5)/(13.4)% YoY/QoQ, Est Rs 1.43bn). The miss was driven by a) Weaker volumes (54.5kT, 5.0% YoY, Est 57.8kT) and b) Higher other expenses (Rs2.03bn, 3.1/(10.6)% YoY/QoQ) led by costlier power purchases. RM costs moderated on expected lines (Gross spreads: 59.2%, (314)/171 bps YoY/QoQ), led by softer FeCr prices. Volume commentary implies softer, back ended volume growth in the mining segment.
Number of FII/FPI investors increased from 240 to 250 in Jun 2025 qtr.
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