AIA Engineering Q1 PAT may dip 13.7% YoY to Rs. 111.8 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Capital Goods and Power sector. The brokerage house expects AIA Engineering to report net profit at Rs. 111.8 crore down 13.7% year-on-year (down 16.4% quarter-on-quarter).

Net Sales are expected to increase by 12.4 percent Y-o-Y (down 24.1 percent Q-o-Q) to Rs. 652.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.7 percent Y-o-Y (down 22.9 percent Q-o-Q) to Rs. 130.5 crore.

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