AIA Engineering Limited — Investor Meet, 18-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

AIA Engineering recorded Q1 FY26 revenue of INR 1,026 Cr, EBITDA of INR 420.39 Cr (40.46% margin), and PAT of INR 305 Cr on 60,156 tons sold. While Q1 margins were strong, they are expected to normalize. Management projects flat volume growth for FY26 but is highly optimistic about significant new conversions (forged to high-chrome) driving substantial growth from FY27. Brazil's anti-dumping duty reduced to 2.9%, a positive development. US duties remain, but customer engagement continues. Updates on China and Ghana plants are delayed. The company is advancing mill liner solutions and expanding renewable energy, holding cash for future growth opportunities.