AIA Engineering's Q1 Financial Results Show Negative Performance and Declining Trends

AIA Engineering, a largecap engineering company, recently declared its financial results for the quarter ending June 2024. The company has seen a negative performance in this quarter, with a score of -8 compared to -6 in the previous three months.

The net sales for the quarter were at Rs 1,019.97 crore, showing a decline of -17.72% year on year. This indicates a very negative trend in the near term for the company's sales. Similarly, the profit before tax less other income (PBT) for the quarter was at Rs 258.56 crore, showing a decline of -16.94% year on year. The near term trend for PBT is also negative.

In the last five quarters, AIA Engineering has recorded its lowest net sales and operating profit (PBDIT) at Rs 1,019.97 crore and Rs 288.86 crore respectively. The company's profitability has also declined, with the lowest earnings per share (EPS) of Rs 27.53 in the last five quarters.

Based on these financials, MarketsMOJO has given a 'Hold' call for AIA Engineering's stock. The company's performance in this quarter has not been favorable, and the near term trends also show a negative outlook. Investors are advised to carefully consider these factors before making any decisions regarding the company's stock.