AIA Engineering hits new high post Q3 results

The stock hit a new high of Rs 1,442, up 4% on the BSE in intra-day trade.

AIA Engineering hit a new high of Rs 1,442, up 4% on the BSE in intra-day trade, after the company reported 17.6% year on year growth in its consolidated net profit at Rs 120 crore for the quarter ended December 2016 (Q3FY17). The company had profit of Rs 102 crore in the year ago quarter.

Total income from operations during the quarter under review grew 19% at Rs 608 crore against Rs 509 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margin stood at 32.12% in Q3FY17 from 32.82% in