AIA Engineering Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 03:11 am EST
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AIA Engineering Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 12,522.61 million compared to INR 13,448.04 million a year ago. Net income was INR 2,796.15 million compared to INR 3,524.62 million a year ago. Basic earnings per share from continuing operations was INR 29.64 compared to INR 37.37 a year ago. Diluted earnings per share from continuing operations was INR 29.64 compared to INR 37.37 a year ago.
For the nine months, revenue was INR 39,084.82 million compared to INR 38,059.4 million a year ago. Net income was INR 8,750.32 million compared to INR 7,877.37 million a year ago. Basic earnings per share from continuing operations was INR 92.77 compared to INR 83.52 a year ago. Diluted earnings per share from continuing operations was INR 92.77 compared to INR 83.52 a year ago.
AIA Engineering Limited is engaged in the manufacturing of high chrome mill internals. The Company is engaged in manufacturing, designing, developing, installing, and servicing high chromium wear, corrosion, and abrasion-resistant castings. These products specifically serve the cement, mining, and thermal power-generating industries. The Company operating segment includes manufacturing of High Chrome Mill Internals (Castings) and all other activities are incidental thereto. It produces a range of high chrome mill internals, which are used as wear parts in the process of crushing/grinding in the cement, mining, utility, thermal power, and aggregate industries. It produces a range of high chrome mill internals, which are used as wear parts in the process of crushing/grinding in the cement, mining, utility, thermal power, and aggregate industries. Its services include mill audits, turnkey installation and commissioning projects, stock assessment and management, and performance monitoring.
AIA ENGINEERING LIMITED 
