Aluminium and Aluminium Products firm Alicon Castalloy announced Q1FY23 Result : Q1 FY23 Total Income at Rs. 344.00 crore, up 63% YoY Gross Profit at Rs. 163.02 crore, higher by 54% YoY EBITDA at Rs. 37.95 crore PAT at Rs. 10.77 crore Q1FY23 vs. Q1FY22: Total Income at Rs. 344.00 crore compared to Rs. 211.68 crore EBITDA at Rs. 37.95 crore compared to Rs. 18.03 crore PBT at Rs. 15.91 crore as compared to Rs. (-3.20) crore Profit after Tax at Rs. 10.77 crore compared to Rs. (-4.20) crore Q1FY23 vs. Q4Y22: Total Income at Rs. 344.00 as compared to Rs. 321.37 crore EBITDA at Rs. 37.95 crore compared Rs. 38.72 PBT at Rs. 15.91 crore as compared to Rs. 17.70 Profit after Tax at Rs. 10.77 crore as compared to Rs. 13.21 crore Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “We have started the new fiscal strongly, reporting our best ever Q1 in terms of revenues. Strong uptick in activity in the domestic markets translated to healthy sales. Although multiple headwinds remain, we witnessed improved traction during the quarter. Our international business has performed well too, with the addition of new logos aided by the enhanced technology footprint. Our consolidated total income stood at Rs. 344 crore, higher by 63% YoY, substantially outperforming industry growth. On the profitability front, our EBITDA margins were stable at 11% on the back of enhanced product mix and pricing actions. Operationally, we have been undertaking continuous cost optimisation across our business and have brought in enhanced efficiencies enabling us to meaningfully protect gross margin despite the severe inflationary environment. As we look ahead, in a normalised environment, we are well positioned to deliver healthy profitability. On the demand front, we are witnessing a strong uptick across domestic and international markets. For domestic OEMs, we are seeing ramping up of product levels and an improved order book, which bodes well for the industry. Amidst the ongoing global conflict and inflationary input environment, we are seeing signs of stabilisation in supply-chains across markets. On the whole, we remain optimistic of delivering strong and sustainable growth as the broader macro-environment normalizes” Result PDF
Aluminium Products company Alicon Castalloy declares Q4FY22 result: FY22 Total Income at Rs. 1,081.37 crore, up 27% YoY Gross Profit at Rs. 534.16, higher by 15% YoY EBITDA at Rs. 115.79 crore Board recommends a dividend of Rs. 2.25 per equity share Performance Review for Q4FY22 vs. Q4FY21 Total Income at Rs. 321.37 crore compared to Rs. 323.08 crore EBITDA at Rs. 38.72 crore compared to Rs. 49.07 crore PBT at Rs. 17.70 crore as compared to Rs. 27.60 crore Profit after Tax at Rs. 13.21 crore compared to Rs. 25.33 crore Performance Review for Q4FY22 vs. Q3Y22 Total Income at Rs. 321.37 crore compared to Rs. 279.58 crore EBITDA at Rs. 38.72 crore compared to Rs. 33.78 crore PBT at Rs. 17.70 crore as compared to Rs. 13.44 crore Profit after Tax at Rs. 13.21 crore compared to Rs. 12.14 crore Performance Review for FY22 vs. FY21 Total Income at Rs. 1,081.37 crore compared to Rs. 851.43 crore EBITDA at Rs. 115.79 crore compared to Rs. 86.01 crore PBT at Rs. 32.58 crore as compared to Rs. 1.08 crore Profit after Tax at Rs. 24.18 crore compared to Rs. (1.93) crore Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “We have closed the year on an encouraging note, reporting strong performance despite several macro-challenges. The 6C challenges defined by Covid-induced disruptions, Chip shortages, Cost-based inflation, Cost of new product development, Conflict between Russia and Ukraine and Crisis in supply chain impacted demand environment and consumer sentiments during the year. Against this backdrop, Alicon has recorded healthy performance during the year. Overall, we reported consolidated total income of Rs. 1,081.4 crore during the year, higher by 27%. On the profitability front, we are encouraged with how our team has managed to navigate through the volatile input cost pressures in the industry. In the year, our margins improved to 10.7%, higher by 60 bps. Price hikes in collaboration with our customers along with an enhanced product mix with higher share of value-added products enabled us to sustain margins. In a key development, we are pleased to share that Alicon has been approved as one of the beneficiaries of the PLI scheme for automotive components under the Component Champion Incentive Scheme. We look forward to contributing to the development of green mobility eco-system in India. I am also happy to share that we have won several contracts from multiple existing and new OEMs during the year for electric mobility. Order wins for our auto division and non-auto division continues to be on a strong footing. Overall, the outlook for all our three verticals of Auto, non-auto and EV looks solid. As we look ahead, demand in domestic and international markets is picking up momentum. In addition, we are seeing some early signs of stabilisation in supply-chains across markets. This emanates positive signal for the industry as a whole. Overall, we remain optimistic of delivering strong and sustainable growth in business operations as the broader macro-environment normalizes” Result PDF