21 Jan 2020 | 11:32 PM

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COMPANYNEWS
AIA Engineering Q2 net profit zooms 108.17% at Rs 226.03 cr
  AIA Engineering Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-12-2019
The company reported standalone net profit of Rs 226.03 crore for the quarter ended September 30 2019 as compared to Rs 108.58 crore in the same period last year registering a year-on-year growth of 108.17 per cent.


Net revenue of the company declined moderately by 12.80 per cent at Rs 603.89 crore in July-September quarter of this fiscal as against Rs 692.55 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 15.83 per cent to Rs 483.99 crore from Rs 575.00 crore in year ago period.


Other Income grew by 163.20 per cent at Rs 113.07 crore versus (Sep`18 Rs 42.96 crore).


Operating Profit slipped by 1.73 per cent to Rs 140.14 crore as against Rs 142.60 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 12.72 per cent in September quarter.


Interest declined by 12.03 per cent y-o-y to Rs 1.39 crore while Taxation decreased by 92.57 per cent at Rs 4.28 crore (Sep`18 Rs 57.62 crore).