AIA Engineering has zoomed 19% to Rs 462 after reporting more than double consolidated net profit at Rs 73.60 crore for the quarter ended September 2013 (Q2). The company had profit of Rs 40.13 crore in a year ago quarter.
The company’s total income from operations grew 12% year-on-year (yoy) at Rs 492 crore, while total expenditure declined by 1.3% yoy at Rs 388 crore during the recently concluded quarter.
The stock opened at Rs 393 and touched low of Rs 378 on BSE. A combined around 500,000 shares have changed hands on the counter so far on BSE and NSE.
The company’s total income from operations grew 12% year-on-year (yoy) at Rs 492 crore, while total expenditure declined by 1.3% yoy at Rs 388 crore during the recently concluded quarter.
The stock opened at Rs 393 and touched low of Rs 378 on BSE. A combined around 500,000 shares have changed hands on the counter so far on BSE and NSE.
