ICICI Securities Ltd | Retail Equity Research AIA Engineering reported disappointing set of Q3FY18 results. The disappointment was in terms of decline in volumes of consumables sold. Revenues declined by 3% YoY to |572.2 crore vs. our estimate of |615 crore. Volumes for Q3FY18 declined by 9.6% YoY to 51392 tonnes vs estimates of 60804 tonnes. On a segmental basis, mining and others segment declined by 9.8% and 9.3% YoY to 32346 and 19046 tonnes respectively. Realisations were up by 7.3% YoY to...