Published on 11/08/2020 5:34:08 PM | Source: Dion Global Solutions Ltd

AIA Engineering Ltd Q1 net profit jumps 50.49% at Rs 125.52 cr

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The company reported standalone net profit of Rs 125.52 crore for the quarter ended June 30, 2020 as compared to Rs 83.41 crore in the same period last year, registering a year-on-year growth of 50.49 per cent. Net revenue of the company declined moderately by 15.75 per cent at Rs 490.85 crore in April-June quarter of this fiscal as against Rs 582.64 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 26.65 per cent to Rs 356.38 crore from Rs 485.85 crore in year ago period. Other Income grew by 81.96 per cent at Rs 59.90 crore versus (Jun'19 Rs 32.92 crore).

Operating Profit surged by 15.61 per cent to Rs 134.46 crore as against Rs 116.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.22 per cent in June quarter. Interest declined by 5.93 per cent y-o-y to Rs 1.27 crore, while Taxation increased by 4.33 per cent at Rs 43.11 crore (Jun'19 Rs 41.32 crore).