Aia Engineering Q2 Results Live: Profit Falls by 20.54% YOY

Aia Engineering Q2 Results Live : Aia Engineering declared their Q2 results on 30 Oct, 2024, reporting a significant decrease in both topline and profit. The company experienced a 19.35% decline in revenue year-over-year, while profit fell by 20.54%. Compared to the previous quarter, revenue showed a slight growth of 2.38%, but profit experienced a minor decrease of 1.1%.

The company also reported a reduction in Selling, General & Administrative expenses, which declined by 3.14% quarter-over-quarter and 7.67% year-over-year. However, the operating income faced a setback, decreasing by 4.33% compared to the previous quarter and by 29.5% year-over-year.

Earnings per share (EPS) for Q2 stood at ₹27.29, reflecting a year-over-year decrease of 20.34%. Aia Engineering's stock has delivered a -1.55% return over the last week, while it has seen a 2.75% return over the past six months and a 5.75% return year-to-date.

As of now, Aia Engineering holds a market capitalization of ₹36,408.94 crore, with a 52-week high of ₹4,949.95 and a low of ₹3,404.60. Analyst sentiment surrounding the company appears mixed; out of 14 analysts, 1 has given a Strong Sell rating, 3 have rated it as Sell, 7 have recommended Hold, 2 have given Buy ratings, and 1 has rated it as Strong Buy.

The consensus recommendation as of 31 Oct, 2024, stands at Hold, indicating a cautious outlook from analysts on the company's future performance.