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AIA Engineering Ltd Q2FY24; 32% rise in Profits

AIA ENGINEERING LIMITED was established in 1979 at Ahmedabad, India.. They are into designing, developing, manufacturing and installation of abrasion and corrosion resistant castings. It’s the Second Largest Hi-Chrome casting producer in the world.
The company has 11 subsidiaries in countries including India, UAE, UK, USA, etc,.

Financial Results:

AIA Engineering Ltd reported Revenues for Q2FY24 of ₹1,295.00 Crores down from ₹1,329.00 Crore year on year, a fall of 2.56%.

Total Expenses for Q2FY24 of ₹945.00 Crores down from ₹1,046.00 Crores year on year, a fall of 9.66%.

Consolidated Net Profit of ₹324.00 Crores up 32.24% from ₹245.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹34.25, up 31.93% from ₹25.96 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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