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MACHINIST - Ahmedabad based AIA Engineering posts net sales of Rs 691.18cr

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Ahmedabad based AIA Engineering posts net sales of Rs 691.18cr
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Written by Anand   
Thursday, 05 June 2008

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Ahmedabad based AIA Engineering Limited, engaged in the business of manufacturing High Chrome Mill Internals has once again turned out a stable performance for the Financial Year 2007-08. The Company’s Board has recommended a Dividend of Rs.4/- (40%) per equity share of Rs 10/- each and has also decided to split the Equity Shares of face value of Rs.10 each into 5 Equity Shares of Rs.2 each.

According to audited results approved by the Company’s Board on Wednesday, the 4th June 2008, the Company on a consolidated basis achieved Net Sales of Rs. 691.18 Crore for the year ended March 31, 2008, which signifies a growth of 32.15% over the sales earnings achieved during 2006-07.

For the year, the consolidated Profit Before Tax is Rs.180.23 Crore and the Profit After Tax stood at Rs.133.27 Crore. The growth in PAT is 41.30%.

Stand-alone Performance:

For 2007-08, according to independent financials the Net Sales income from operations has totalled Rs.593.81 Crore as against Rs.399.43 Crore in 2006-07. The Profit After Tax for this year totalled Rs.108.31 Crore compared to Rs.66.92  Crore in the last year reflecting a growth of 61.85%.

For the Q4 of 2007-08, the Net Sales income has aggregated to Rs.175.76 Crore compared to Rs.107.14 Crore in the same period in the Previous Year. The Profit After Tax is Rs.40.93 Crore compared to Rs.22.16 Crore in the same period in the Previous Year.

 
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