AIA Engineering reported a 10.1% year-over-year fall in consolidated profit for the quarter ended Sept. 30, while consolidated revenue from operations increased 6.2%, according to a filing with the National Stock Exchange of India (NSE).
Consolidated revenue reached ₹1,112.77 crore, up from ₹1,047.76 crore in the year-earlier quarter. Profit for the period was ₹249.43 crore, compared with ₹277.48 crore a year earlier.
The filing said the board approved the unaudited standalone and consolidated results on Nov. 3. It separately states that the results underwent a limited review.
Freight outward expenses rose to ₹120.20 crore from ₹78.41 crore. Other income fell to ₹71.70 crore from ₹98.34 crore. The company’s only reportable segment covers the manufacture of high chrome mill internals.
Separately, NDTV Profit reported that the shares traded at ₹3,265 on Nov. 4, 3.67% below the previous close of ₹3,389.70.
