General Updates

AIA Engineering announced its consolidated financial results for the quarter ended June 30, 2025. Revenue from operations rose to **Rs 1,038.95 Cr** (vs Rs 1,019.97 Cr last year), with profit after tax reaching **Rs 305.17 Cr** (vs Rs 259.41 Cr). Operationally, the company decided to discontinue manufacturing at its Nagpur unit, but this move is not expected to adversely impact business or profitability.

Exports of grinding media from India to the US now face new anti-dumping (6.70%) and countervailing (3.16%) duties, effective May 22, 2025.