Q1 2025 AIA Engineering Ltd Earnings Call Transcript
Key Points
- AIA Engineering Ltd (BOM:532683) reported a strong EBITDA of INR 372.32 crore and a profit after tax of INR 259.588 crore.
- The company announced a brownfield expansion at their GIDC Catarina factory, adding a composite mill rubber composite liner, which will enhance their product offerings.
- AIA Engineering Ltd (BOM:532683) has approved a buyback of INR 500 crore, reflecting confidence in their financial stability.
- The company is actively working on converting mining sites from using traditional grinding media to their high Chrome solutions, which offer significant operational benefits.
- Despite logistics challenges, the company remains optimistic about their long-term growth opportunities in the mining sector, particularly in copper, gold, and iron ore.
- The company experienced a significant reduction in tonnage, with 60,592 tons this quarter compared to 74,000 tons in Q1 of the previous year.
- Logistics issues, including container shortages and higher shipping costs, have caused delays in shipments and increased transit times.
- Working capital has increased due to higher receivables and stock levels, reflecting lower sales and timing adjustments.
- The company is facing challenges in providing clear volume guidance for the year due to ongoing logistics uncertainties.
- There are ongoing geopolitical and trade issues affecting the supply chain, adding to the uncertainty in the business environment.
Good evening, ladies and gentlemen. Thank you for standing by. This is Darwin and the moderator for your call today. Welcome to the post results conference call of AIA Engineering Limited. We have with us today the management team of AIA Engineering Limited. (Operator Instructions)
I would now like to turn the conference over to the AIA Engineering management team. Please go-ahead sir.
Thank you. Good afternoon. Good evening to everyone, everyone on the call. Thank you for joining us. I hope you got a chance to look at our numbers. I have Sanjay Bhai here with me. This is Kunal as usual and do a number recap, we'll get into Sanjay Bhai, will sum up the quarter in discussion and then we'll move on to Q&A.
Are starting off, this was a quarter where there is shrinkage, top optical top clients engaged in terms of tonnages. For the quarter, we were at 60,592 tons as compared to 74,000-odd tons in Q1 of last year and 71,000-odd tons in Q4 of sequential last quarter. And I
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