AIA Engineering profit jumps 18% despite flat volumes

AIA Engineering reported Q1 FY26 profit after tax of INR305 crores, up from INR259 crores last year, on revenue of INR1,026 crores from sales of 60,156 tons.

The company's EBITDA margin reached 40.46%, attributed to favorable product mix and reduced freight and raw material costs, though this is expected to normalize over the next two quarters.

AIA Engineering anticipates flat volumes for the full fiscal year, with significant growth expected from FY27 due to ongoing conversion efforts from forged to high-chrome solutions.

The company is expanding renewable power generation to over 100 megawatts and progressing with new plants in China and Ghana, though approvals are taking longer than estimated.