AIA Engineering reported a steady Q2 FY’26 with sales of 63,000 tons, resulting in a topline of ₹1,029 crores and EBITDA of ₹395 crores. They secured a significant 18-month contract in Chile for approximately 22,000-23,000 tons. The company is also planning to set up modular plants outside India and is targeting annual volume growth of at least 30,000 tons from next year onward.
Financial Highlights
AIA Engineering’s Q2 FY’26 mirrors the performance of Q1, showing consistent operational numbers. Sales reached approximately 63,000 tons, contributing to a total of about 123,000 tons for the first half of the year. The topline for the quarter stood at ₹1,029 crores, accompanied by an EBITDA of ₹395 crores and a profit after tax of ₹277 crores. The average realization for the quarter was ₹163.
Segment Performance
Of the 63,000 tons sold in Q2, approximately 38,000 tons were from mining and 24,000 tons from the non-mining sector. The non-mining sector saw a small increase, while the mining sector remained consistent with the previous quarter.
Chile Contract
AIA Engineering secured a new 18-month contract with a customer in Chile for approximately 22,000 to 23,000 tons, valued at about $33 million. This represents the company’s first breakthrough in the South American market. Deliveries from this order are expected to begin in Q4 of the current fiscal year, with potential shipments of 3,000-4,000 tons in that quarter. On an annual basis the company expects about 12,000 to 15,000 tons from the Chile order.
Strategic Initiatives and Future Outlook
The company aims to increase annual volume growth by at least 30,000 tons from the next fiscal year onward. This target reflects the impact of initiatives undertaken over the past 12 to 24 months. As part of its expansion strategy, AIA Engineering intends to establish modular plants outside India.
CAPEX Plans
The company plans an average annual CAPEX of around ₹150 crores, including investments in Ghana, China, and maintenance. AIA Engineering currently operates with a capacity utilization rate of approximately 55%-60% and aims to increase it to 70%-80% in the coming years.
Source: BSE
