AIA Engineering Q2 Results: Profit rises 8%, margins improve

AIA Engineering Ltd. reported an 8% year-on-year (YoY) rise in its net profit for the September quarter at ₹277.4 crore, compared to ₹256.7 crore in the same period last year.

Revenue for the quarter was largely flat, up 0.3% YoY at ₹1,048 crore as against ₹1,044 crore in the year-ago period.

Operating performance improved, with EBITDA rising 7.7% to ₹297 crore from ₹275.7 crore last year.

The company's operating margin also expanded to 28.4% from 26.4% a year ago.

Following the earnings announcement, shares of AIA Engineering Ltd. are trading 2.5% lower at ₹3,236.80. The stock is up 2% in the last one month.