AIA Engineering Q2: Shares tumble 12% as profit falls 10%, margins contract
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓AIA Engineering shares fell 11.8% on November 3 after the company reported a 10.2% drop in Q2 profit to ₹249 crore.
- ✓While revenue grew 6.2% to ₹1,113 crore, margins contracted to 25.4%.
- ✓The stock got hit as operating earnings fell 4.7%, showing that higher sales did not boost overall profits.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
AIA Engineering reported a decline in Q2 profit and operating earnings despite modest revenue growth. Margins also narrowed, while the stock came under pressure following the results.
Shares of AIA Engineering came under pressure on Tuesday falling to an intraday low after the company reported a decline in second-quarter profit and operating earnings, along with a contraction in margins.
The stock touched a low of ₹3,306.50, down around 11.8% from the day's high of ₹3,747, as of 1:40 pm on November 3.
The company's consolidated net profit declined 10.2% year on year to ₹249 crore in Q2, compared with ₹277.4 crore in the corresponding quarter last year.
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