AIA Engineering Ltd. records solid growth in Q3 FY24, driven by Automobile Sector demand

AIA Engineering Ltd., a leading player in the automobile and ancillaries sector, has unveiled its financial results for the quarter ended December 31, 2023. The company showcased robust growth, fueled by strong demand in the automobile industry.

Financial Highlights:

Sales: AIA Engineering Ltd. recorded sales of ₹1,169 crores for Q3 FY24, marking a slight increase from Q2 FY24 and a notable improvement from Q3 FY23.

EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization stood at ₹311 crores, demonstrating consistent performance and operational efficiency.

PAT: Profit After Tax witnessed steady growth, reflecting the company's effective cost management and profitability enhancement strategies.

AIA Engineering Ltd.'s strong financial performance in Q3 FY24 highlights its ability to capitalize on growing demand in the automobile sector. With a focus on innovation and customer satisfaction, the company remains well-positioned for sustained growth and profitability in the ancillaries market.

Shares of AIA Engineering Limited was last trading in BSE at Rs. 4420.40 as compared to the previous close of Rs. 4315.50. The total number of shares traded during the day was 1617 in over 563 trades.

The stock hit an intraday high of Rs. 4443.70 and intraday low of 4306.05. The net turnover during the day was Rs. 7047735.00.

Source : Equity Bulls

Keywords

AIAEngineering INE212H01026 Q3FY24 ResultUpdate