AIA Engineering has reported a strong financial performance for the third quarter, with consolidated net profit reaching ₹2.94 billion compared to ₹2.59 billion in the same quarter of the previous year. This represents a notable year-on-year growth of 13.5%, demonstrating the company's robust operational capabilities.

Financial Performance Overview

The engineering company's quarterly results showcase improved profitability metrics, with the consolidated net profit figure reflecting enhanced business operations and market positioning.

Business Performance Analysis

The year-on-year improvement in consolidated net profit indicates AIA Engineering's ability to maintain operational efficiency while expanding its market presence. The 13.5% growth rate reflects the company's strategic focus on enhancing profitability and optimizing business operations.

The positive financial trajectory demonstrated in the third quarter results positions the company favorably within the engineering sector, showcasing its capacity to deliver consistent performance improvements and maintain competitive advantage in its operational markets.

AIA Engineering Limited , a prominent player in the mining equipment industry, has officially completed a significant expansion of its mining liner business through its wholly-owned subsidiary, Vega Industries (Middle East) FZC (Vega ME). The subsidiary has successfully acquired an additional 14% stake in VEGA MPS PTY LIMITED (VMPS), an Australian company specializing in mining liners and related services.

Acquisition Completion Details

According to the regulatory filing submitted to stock exchanges, the transaction was completed on December 10, 2025, at 11:20 AM when Vega ME paid the purchase consideration against the transfer of shares by VMPS promoters.

Target Company Profile

VMPS is a proprietary limited company incorporated on June 28, 2023, under Australian laws. The company acquired the entire business of Mining Products and Service Pty. Ltd., Australia (MPS) during FY 2023-24. VMPS operates in the design and supply of mining liners and other parts, process engineering, project management, and quality control capabilities for the mineral processing industry.

Financial Performance Overview

Strategic Rationale

The acquisition aligns with AIA Engineering's objective to strengthen its mining liner business globally. This transaction represents the completion of the Share Purchase and Shareholders Agreement dated August 3, 2023, demonstrating the company's commitment to its strategic expansion plans in the mineral processing industry.

The deal is classified as a related party transaction since Vega ME already held a 56% stake in VMPS prior to this additional acquisition. The company has confirmed that the transaction was conducted at arm's length, ensuring fair valuation and compliance with regulatory requirements.

Regulatory Compliance

AIA Engineering has fulfilled all disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no additional governmental or regulatory approvals were required for completing this acquisition, facilitating a smooth transaction process.