AIA Engineering Ltd — earnings calls

AIA Engineering reported first quarter FY27 volumes of 64,644 tons compared to 60,000 odd tons a year earlier, with sales of INR1,153 crores, EBITDA of INR244 crores and profit after tax of INR301 crores. Management attributed the sequential decline in EBITDA margin from Q4 to a lower foreign exchange gain, a less favourable product mix, and additional trial-related and freight expenses. Management said trials for the new generation discharge system and other mining conversions in South America and elsewhere remain ongoing without a defined timeline, and it declined to give updated volume or realization guidance for FY27.

AIA Engineering reported quarterly sales of 70,000 tons and full-year sales of 258,000 tons, with quarterly EBITDA of INR502 crores and full-year EBITDA of INR1,744 crores, both described as the highest ever for the company. Management said currency movements contributed INR65 crores to quarterly EBITDA and that realization for the full year should be considered around INR165 per kilogram going forward. The company also disclosed a successful trial of a new discharge-system solution at a large South American mine, which led to an order for a second mine conversion, while cautioning that it could not yet quantify the resulting volume growth.