AIA Engineering shares surged 9% to hit a 52-week high of ₹4,496.30 on Wednesday's trading session, surpassing its previous peak of ₹4,200 touched on February 4, 2026. According to reports from Business Standard, the stock was trading 7% higher at ₹4,418.35 as of 11:46 AM, significantly outperforming the BSE Sensex's 0.12% rise. A combined nearly one million equity shares changed hands on both BSE and NSE exchanges during the session. The strong performance comes as part of a broader rally in power sector stocks, with the BSE Power index hitting a new high of 8,439.23, surging nearly 3% in Wednesday's intra-day trade.
The company delivered robust operational results for the January-March 2026 quarter, with consolidated revenue from operations growing 9.4% year-on-year to ₹1,266 crore compared to ₹1,157 crore in Q4FY25. As reported by Business Standard, sales volume increased 2.0% YoY to 70,138 MT from 68,741 MT in the corresponding quarter last year. Operating EBITDA rose 17.4% YoY to ₹371 crore compared to ₹316 crore in Q4FY25, with operating EBITDA margin improving 200 basis points to 29.3% from 27.3% in Q4FY25. Profit after tax surged 37.9% YoY to ₹393 crore compared to ₹285 crore in the corresponding quarter last year. Looking ahead, the company expects FY27 to be a year of accelerating earnings delivery as the sizeable projects commissioned during FY26 will stabilize and contribute to full-year EBITDA, driving a meaningful step-up in financial performance.
The board recommended a dividend of ₹16 per equity share (800%) for FY26, subject to shareholder approval at the upcoming AGM. According to Business Standard, if approved, the dividend will be paid on or before October 14, 2026, subject to tax deduction at source as applicable. The company's order book position stood at ₹868 crore as of April 1, 2026. India's power demand recovery, with the government projecting peak demand of 270 GW this summer and medium-term CAGR of 5-6%, provides strong tailwinds for the company's growing portfolio.
ICICI Securities noted that AIA Engineering delivered a healthy margin-led performance despite modest volume growth, highlighting the strength of its niche high-chrome business model. As reported by Business Standard, the brokerage firm described the overall FY26 performance as ahead of estimates with positive earnings surprise led by stronger margin performance. JM Financial Institutional Securities highlighted that the results were a beat across all parameters with EBITDA significantly higher than estimates, with improved product mix and INR depreciation more than offsetting operational weakness.
