AIA Engineering gains 6% post March quarter results

In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.

Shares of AIA Engineering were up 6 per cent to Rs 1,998.50 on the BSE in Thursday’s trade. The surge comes after the company reported 45 per cent year on year (YoY) growth in its consolidated net profit at Rs 194.6 crore in March quarter, on back of healthy operational revenue. The board has recommended a dividend of Rs 9 per equity shares of Rs 2 each (i.e. 450 per cent dividend).

At 09:42 am; AIA Engineering traded 5 per cent higher at Rs 1,981, as compared to 0.25 per cent rise in the S&P BSE Sensex. The stock