Shares of AIA Engineering in intra-day trade on May 26, 2022 climbed by over 10% after reporting strong Q4 numbers. As per ICICI Direct, " AIA Engineering reported strong numbers across the board in Q4FY22 and beat its estimates. Consolidated revenues were at Rs. 1093.3 crore (above estimate of Rs. 992.1 crore), up 27.1% YoY. EBITDA came in at 225.4 crore, up 33.2% YoY (above estimates of Rs.187.9 crore). EBITDA margins improved 94 bps YoY to 20.6% (above estimate of 18.9%), helped by increased in gross margins to 56.7% (vs. 53.1% in Q4FY21) amid higher commodity prices being assed. AIA reported PAT at Rs. 193.5 crore (above estimate of Rs.149.1 crore), up by 45.3%YoY, aided by higher other income,which grew 66.7% on a YoY basis to 38.7crore.
The company also declared 450% dividend amounting to Rs. 9 per share.
On the scrip, ICICI Direct sees a positive impact and maintains "Net realisation per tonne increased 38% to Rs 147.9 per kg YoY. For FY22, it came in at Rs/.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.
AIA Engineering Limited manufactures a range of high chromium consumable wear parts (mill internals) for tube mill applications.