Alicon Castalloy rallies near 3% after delivering healthy performance in Q1FY23

12 Aug 2022 , 10:01 AM

Alicon Castalloy Ltd (Alicon), one of the leading integrated manufacturers of aluminum castings in India has announced its financial results for the quarter ended June 30, 2022.

Performance Review for Q1FY23 vs. Q1FY22

• Total Income at Rs344 crore compared to Rs211.68 crore 
• EBITDA at Rs37.95 crore compared to Rs18.03 crore
• PBT at Rs15.91 crore as compared to Rs(-3.20) crore 
• Profit after Tax at Rs10.77 crore compared to Rs(-4.20) crore

Performance Review for Q1FY23 vs. Q4Y22

• Total Income at Rs344.00 as compared to Rs321.37 crore
• EBITDA at Rs37.95 crore compared Rs38.72 
• PBT at Rs15.91 crore as compared to Rs17.70
• Profit after Tax at Rs10.77 crore as compared to Rs13.21 crore

Commenting on the performance, Rajeev Sikand, Group CEO, Alicon Castalloy said, “We have started the new fiscal strongly, reporting our best ever Q1 in terms of revenues. Strong momentum in activity in the domestic markets translated to healthy sales. We witnessed improved traction during the quarter despite multiple headwinds remain, 

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 Rs344 crore, higher by 63% YoY, substantially outperforming industry growth.”

At around 10:04 AM, Alicon Castalloy was currently trading at Rs775 per share up by Rs20.5 or 2.72% from its previous closing of Rs754.50 per share on the BSE.