AIA Engineering hits new 52-week high, soars over 10%

The company reported 28.4 per cent growth in Q1FY23 consolidated net at Rs 191.47 crore, and total income rose by 41.2 per cent YoY to Rs 1,100.33 crore on a YoY basis.

Shares of AIA Engineering soared over 10 per cent to hit a new 52-week high at Rs 2,644 post healthy Q1 results. 

According to a release issued by the company to the BSE on Tuesday, the company's consolidated net profit rose 28.4 per cent to Rs 191.47 crore in the quarter ended June 2022 when compared with Rs 149.10 crore in the corresponding quarter a year ago. Total income was up 41.2 per cent YoY (year-on-year) at Rs 1,100.33 crore. 

At 10:55 AM, the stock traded on a firm note at Rs 2,635 - up 10 per cent in an otherwise flat