AIA Engineering (AIAENG) Q2 26/27 earnings summary

Executive summary

• H1 FY27 sales volume was 126,152 MT versus 123,315 MT; standalone sales were ₹224,649 lakh and consolidated revenue was ₹228,079.39 lakh.

• H1 consolidated net profit was ₹55,042.68 lakh versus ₹58,264.42 lakh; EBITDA was ₹78,621 lakh, with margin down to 34.47% from 39.11%.

• Elevated export freight weighed on profitability; management said value-added liners and the NGDS strategy remain on track.

Financial highlights

• Standalone Q2 FY27 sales were ₹109,325 lakh, EBITDA ₹36,165 lakh and PAT ₹24,973 lakh, versus ₹102,967 lakh, ₹39,562 lakh and ₹27,744 lakh in Q2 FY26.

• Consolidated Q2 revenue from operations was ₹116,802.30 lakh versus ₹111,277.09 lakh; net profit was ₹24,943.28 lakh versus ₹27,747.64 lakh.

• Consolidated H1 PBT was ₹72,455.44 lakh versus ₹74,546.31 lakh; net profit was ₹55,042.68 lakh versus ₹58,264.42 lakh.

• Other non-operating income was ₹71.7 crore in Q2 versus ₹98 crore and ₹182 crore in H1 versus ₹207 crore; lower forex income reduced other operating income.

Outlook and guidance

• Internal planning targets 25,000–30,000 incremental tons annually in FY28 and FY29; this is directional, not formal guidance, with firmer detail expected as confidence improves.

• Management expects the current fiscal year to remain broadly flat; H2 may bring upside, but no clear near-term volume guidance was given.

• NGDS-plus-liner trials continue, including one delayed trial and another undergoing reiteration; successful adoption could precede follow-on grinding-media volumes, with timing uncertain.