Aia Engineering Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 31, 2020 at 09:14 pm
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AIA Engineering Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 7,400.678 million compared to INR 7,553.605 million a year ago. Net income was INR 1,560.904 million compared to INR 1,289.551 million a year ago. Basic earnings per share was INR 16.55 compared to INR 13.67 a year ago. For the nine months, total revenue was INR 22,366.391 million compared to INR 22,795.644 million a year ago. Net income was INR 4,487.325 million compared to INR 3,550.217 million a year ago. Basic earnings per share was INR 47.58 compared to INR 37.64 a year ago.
AIA Engineering Limited is engaged in the manufacturing of high chrome mill internals. The Company is engaged in manufacturing, designing, developing, installing, and servicing high chromium wear, corrosion, and abrasion-resistant castings. These products specifically serve the cement, mining, and thermal power-generating industries. The Company operating segment includes manufacturing of High Chrome Mill Internals (Castings) and all other activities are incidental thereto. It produces a range of high chrome mill internals, which are used as wear parts in the process of crushing/grinding in the cement, mining, utility, thermal power, and aggregate industries. It produces a range of high chrome mill internals, which are used as wear parts in the process of crushing/grinding in the cement, mining, utility, thermal power, and aggregate industries. Its services include mill audits, turnkey installation and commissioning projects, stock assessment and management, and performance monitoring.
AIA ENGINEERING LIMITED 
