AIA Engineering , a leading manufacturer of high chromium wear, corrosion, and abrasion resistant castings, has reported its financial results for the first quarter, demonstrating resilience in sales volume and strong profitability.

Steady Sales Volume

The company maintained a steady performance in Q1, with sales volume reaching 60,156 tons, remaining flat compared to the same quarter last year. Production for the quarter stood at 59,500 tons. The mining sector accounted for approximately 36,000 tons, while the non-mining segment, including cement and utilities, contributed about 23,000 tons.

Financial Highlights

AIA Engineering reported a revenue of INR 1,026.00 crores for the quarter, with a realization of INR 170.00 per kg. The company achieved an impressive EBITDA of INR 420.39 crores, translating to a robust EBITDA margin of 40.46%. Profit after tax (PAT) reached INR 305.00 crores, marking a significant increase from INR 259.00 crores in Q1 of the previous year.

Strong Financial Position

The company's financial position remains strong, with a net cash balance of INR 4,083.00 crores. This substantial cash reserve positions AIA Engineering well for future growth opportunities and potential investments.

Operational Developments

AIA Engineering is making progress on its international expansion plans, with ongoing efforts to establish manufacturing plants in China and Ghana. While the approval processes are taking longer than initially anticipated, the company remains committed to these strategic initiatives.

In a positive development, AIA Engineering received relief in Brazil with the termination of antidumping duty and a reduction in countervailing duty (CVD) from 6.50% to 2.90%. This decision is expected to enhance the company's competitiveness in the Brazilian market.

Focus on Sustainability

The company is actively expanding its renewable energy capacity, aiming to reach over 100 megawatts. Once fully commissioned, this will cover approximately 55% of AIA Engineering's power requirements, contributing to both cost reduction and environmental sustainability.

Future Outlook

While management expects the current fiscal year to remain relatively flat in terms of volume growth, they anticipate a return to decent growth from the next fiscal year. This optimism is driven by ongoing efforts to convert customers from forged to high chrome solutions.

Sanjay Majmudar, Non-Executive, Non-Independent Director of AIA Engineering, commented on the company's prospects, stating, "We are absolutely clear and bullish on the prospects of conversion for the large number of mills that we are looking at from the forged to our high chrome solutions. We do expect quite a bit of conversion-related news to start coming in the coming quarter."

The company is also focusing on innovative solutions, combining mill liners with grinding media to offer unique efficiency improvements to mining customers. This approach is expected to drive future growth and market penetration.

As AIA Engineering continues to navigate global market challenges and opportunities, its strong financial position and focus on technological innovation position it well for future growth in the high chromium wear parts industry.

AIA Engineering , a leading manufacturer of high chrome mill internals, has resubmitted its unaudited standalone financial results for the quarter ended June 30, 2025, after inadvertently omitting a note about its single reportable business segment.

Financial Highlights

On a standalone basis, AIA Engineering reported:

• Revenue from operations: ₹83,274.06 lakhs
• Profit after tax: ₹23,403.40 lakhs

On a consolidated basis, the company achieved:

• Revenue from operations: ₹103,894.71 lakhs
• Profit after tax: ₹30,516.78 lakhs

Operational Update

The Board of Directors decided to discontinue manufacturing operations at the Nagpur unit on July 29, 2025. The company has stated that this decision will not adversely affect production or profitability.

Trade Duties

AIA Engineering faces U.S. duties on certain grinding media imports from India, effective from May 22, 2025:

• Countervailing duty: 3.16%
• Anti-dumping duty: 6.70%

Single Reportable Segment

The company clarified that it operates in a single reportable business segment: Manufacturing of High Chrome Mill Internals.

Conclusion

Despite the need for resubmission due to the omitted note, AIA Engineering's quarterly results demonstrate strong financial performance. The company's ability to maintain robust profitability, even in the face of trade duties and operational changes, indicates resilience and effective management. As AIA Engineering continues to navigate market challenges, its focus on its core business segment and operational efficiency positions it well for continued growth.