Name: Latest research reports of AIA Engineering Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: AIA Engineering Ltd.
Rating: 5
Author: ICICI Securities Limited

AIA Engineering

Buy: AIA Engineering Ltd.

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ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 590.1 crore vs. our estimate of | 541 crore. The key positive surprise was volume growth for Q3FY17 was at 56846 tonnes, up 28.5% YoY, compared to our estimate of 52485 tonnes. Coupled with this, mining segment volumes made a smart comeback with 48.9% YoY and 12.5% QoQ growth at 35854 tonnes while the cement and utility segment posted muted volume growth at 20991 tonnes. The company has guided for an incremental volume...