loader2
NRI

Open DEMAT AND TRADING ACCOUNT WITH ICICIDIRECT

  • 26 May 2022
  • ICICIdirect Research

AIA ENGINEERING POSTS GOOD Q4FY22 NUMBERS

AIAENG - 3515 Change: 36.65 (1.05 %)

News: AIA Engineering reported strong numbers across the board in Q4FY22 and beat our estimates. Consolidated revenues were at | 1093.3 crore (above our estimate of | 992.1 crore), up 27.1% YoY. EBITDA came in at | 225.4 crore, up 33.2% YoY (above our estimates of | 187.9 crore). EBITDA margins improved 94 bps YoY to 20.6% (above our estimate of 18.9%), helped by increased in gross margins to 56.7% (vs. 53.1% in Q4FY21) amid higher commodity prices being passed. AIA reported PAT at | 193.5 crore (above our estimate of | 149.1 crore), up by 45.3%YoY, aided by higher other income, which grew 66.7% on a YoY basis to | 38.7 crore

Views: Net realisation per tonne increased 38% to | 147.9 per kg YoY. For FY22, it came in at | 134 per kg owing to product mix and price increases to pass through higher input cost. Realisations mostly account for the pass though of the increase in ferro-chrome prices, freight cost on to the customer. Over FY22, the company has successfully passed on 100% of the rise in input costs to clients. The same is the reason for a significant rise in realisations on a QoQ and YoY basis. Sales volume came in at 72976 tonnes in Q4FY22, down 8.1% YoY. Mining segment volumes declined 10.6% to 44395 tonnes while cement & others segment volumes declined marginally by 3% to 28581 tonnes on a YoY basis

Impact: Positive