The 6 reports from 2 analysts offering long term price targets
for AIA Engineering Ltd. have an average target of 1756.50. The consensus estimate
represents an upside of 3.37%
from the last price of 1699.20.
Mining volumes expected to revive gradually over FY21E During the quarter, sales volumes came in at 53177 MT, down 16.4% YoY dragged down by cement/other segment volumes. Mining segment volumes came in at 41055 MT, up 1.0% YoY and cement & others segment volumes came in at 12112 MT, down 47.3%, YoY. Mining segment is expected to at least sustain the run rate of 40-41000 MT in coming quarters while non-mining segment reduced owing to slower infrastructure, utilities spend across the world. The company did not face much supply chain...
During the quarter, sales volumes were at 82128 MT, up 2.6% YoY, while overall FY20 volumes were at 267229 MT YoY. Mining segment volumes were at 55105 MT, up 9.3% YoY while cement & others segment volumes were at 27023 MT, down 8.8% YoY. Mining segment, which contributes ~67%, reported decent growth despite volumes loss of ~20000-22000 MT from iron ore customer in Brazil, Africa. The company did not face much supply chain disruption or dispatch issues as it has already stocked up its warehouses which allowed dispatches to customers despite lockdowns....
Companies like Larsen & Toubro and KEC with exposure to the Middle East and North Africa (MENA) region are expected to get impacted by the recent more than 60% fall in crude oil prices to US$22/barrel. This is expected to impact overall orders/awarding from the MENA region. Companies like Elgi Equipments, AIA Engineering, Thermax, Engineers India and Kalpataru Power with exposure to international geographies like Europe, Middle East, China for sales or essential raw material may get impacted. However, lockdowns in India, UK, Europe and other geographies due to Covid-19 are...
Subdued mining volumes to impact FY20E performance During the quarter, sales volumes came in at 60263 MT, which grew marginally by 1.7% YoY while 9MFY20 volumes remained flat YoY to 185101 MT YoY. Mining segment sales volume grew marginally by 2.7% to 41162 MT while other segment came in flat at 19101 MT. Mining segment, which contributes more than 66%, got impacted by loss of volumes of ~18000 to 20000 MT from one of the Brazilian iron ore mine customer and ~5000 MT due to mining shutdown of one copper mining customer. Accordingly, the...
Volumes Disappoint in Q2; Recovery to be Gradual: AIA Engineering earnings for Q2 grew by 25 percent to Rs. 16.1 due to the benefit of switching to new tax rate.
Mining volumes pick up; key to growth over FY19-21E During the quarter, sales volumes came in at 61220 MT, down marginally by 0.8% YoY while H1FY20 volumes also de-grew 0.8% to 124838 MT YoY. Mining segment sales volume grew marginally by 0.9% to 40358 MT while other segment de-grew 3.8% to 20862 MT. The mining segment, which contributes more than 66%, got impacted by ~5000 MT of lesser offtake from one of the Brazilian iron ore mine customer and ~5000 MT adverse volume impact due to cautious stance by a lot of mines leading to inventory...
AIA Delivers Strong Q4; Valuation Rich: AIA Engineering (AIA) Q4 earnings were higher than our estimates on the back of strong volume growth in the mining segment. Volume for mining segment grew by 34.1% YoY to 37.6k tn and others (cement, utilities) segment grew by 2.9% to 28.8k tn.
Incremental volumes to aid revenue growth over FY19-21E During the quarter, sales volumes came in at 80033 MT, registering robust growth of 20.6% while production volumes grew 19% to 72942 MT YoY. Mining segment sales volume grew 34.1% to 50407 MT while other segment (including cement) grew 2.9% to 29626 MT. Mining segment is expected to rebound with incremental volume sales estimated to be in the range of 35000 to 40000 MTPA from FY20E onwards. For FY19, sales volumes grew 15.9% to 265174 MT in which mining segment volumes grew 23% to 170224...
AIA Engineering reported revenues of | 726.4 crore (below our estimate of | 757.5 crore), posting strong growth of 27% YoY. Sales volumes were at 59235 MT, up 15.3% YoY while production volumes grew 34.4% to 74619MT YoY. Net realisation per tonne grew 9.3% YoY to | 118.2 per kg owning to foreign exchange gains EBITDA came in at | 165.2 crore, above our estimate of |158.3 crore. However, EBITDA margins came in at 22.7% with an improvement of 70 bps YoY (above our estimate of 20.9%) on account of lower-thanexpected increase in raw material expenses and employee expenses...
AIA Engineering Ltd Q2FY19 results Comment Revenue grew by 3.52% to Rs. 715.28 Cr in Q2FY19 when compared to the previous quarter. Also, it increased by 31.74% when compared with Q2FY18.
AIA Q2 in Line with Estimates: AIA Engineering's revenue grew by 33% YoY basis to Rs. 7.4 bn and earnings grew by 40% YoY basis to Rs. 12.8 in Q2 which is in line with our estimates. Volume growth for Q2 grew at ~ 13% YoY basis to ~ 61k tonnes and realization grew after several quarters by 16% YoY basis to ~ Rs. 116/kg in Q2.
AIA Engineering reported revenues of |740.6 crore better than our estimates of | 720.8 crore registering strong growth of 32.5% on YoY basis. The sales volume came in at 61695 tonnes registering a growth of 13.7% while production volumes grew by 28% to 72262 tonnes on YoY. Mining segment which accounts for 65% of total sale volume, registered sales volume growth of 18.4% to 40007 tonnes YoY. The net realisation per tonne grew by 15.8% on YoY basis to 115.9 per kg owning to foreign exchange gains....
We expect strong revenue/PAT CAGR of 22%/17% for FY18-20E led by the company's established global footprint, strong replacement demand in mining segment and capacity expansion....
AIA Q1 in Line with Estimates: by 19% YoY basis to Rs. 11.1 in Q1FY19 which is in line with our estimates. Sales volume growth for Q1 was at ~ 13% YoY basis to ~ 64k tonnes and realization grew after several quarters by 5.9% YoY basis to ~ Rs. 107/kg in Q1.
ICICI Securities Ltd | Retail Equity Research AIA Engineering reported revenues of | 715.2 crore, better than our estimate of | 680.1 crore registering strong growth of 25.5% on YoY The sales volume came in at 64211 MT registering growth of 15.3% while production volumes grew 23% to 69843 YoY. Mining segment sales volume grew 15% to 39726 MT YoY. Net realisation per tonne grew 8.0% YoY to | 107.6 per kg EBITDA came in at | 155.0 crore, higher than our estimate of | 152.4...
AIA Engineering revenue grew by 14.9% and earnings grew lower by 32% in Q4FY18 due to lower depreciation and higher other income. Volume growth was at 13.9% and realization growth was a mere 0.9% in Q4FY18. For the REfull-year, Volume grew by 6.6% and realization grew by 2.1%, while FY18 earningsde-grew by 3%.
ICICI Securities Ltd | Retail Equity Research AIA Engineering reported better-than-expected Q4FY18 results. Revenues were at | 743.9 crore vs. our estimate of | 640.8 crore posting strong growth of 14.9% on a YoY basis. The other operating income was at | 49.5 crore due to increase in treasury income and foreign gains. FY18 revenues grew 9.7% to | 2374.8 crore During Q4FY18, AIA's volumes grew 14.3% to 66375 MT owing to robust growth in the mining segment, which grew 27% to 37591 MT....
AIA Engineering (AIAE), for Q3FY18 on a consolidated basis, continued to witness EBITDA margin pressure on account of higher raw material prices (Scrap prices were higher although ferro chrome prices were stable QoQ), currency volatility and pricing strategy to acquire new clients. EBITDA margins contracted by 712bps YoY to 22.2%. Sales volume for the quarter declined by 9% to 51,392 tonne. Revenue and net profit were down 3% to 572 crore and 4% to 116 crore....
