16 Feb 2022 , 09:55 AM
Alicon Castalloy Ltd., one of the leading integrated manufacturers of aluminium castings in India, announced its financial results for the quarter and nine months ended December 31, 2021. The company’s total income increased 4% yoy at Rs279.58 crore in Q3FY22 compared to Rs269.54 crore in Q3FY21.
EBITDA stood at Rs33.78 crore in Q3FY22 compared to Rs33.65 crore in Q3FY21. Profit Before Tax (PBT) at Rs13.44 crore as compared to Rs12.60 crore, higher by 7%.
Profit after Tax at Rs12.14 crore in Q3FY22 compared to Rs11.45 crore in Q3FY21, higher by 6% yoy.
Total Income in 9MFY22 stood at Rs760 crore compared to Rs528.34 crore in 9MFY21, up 44% yoy. EBITDA at Rs77.08 crore compared to Rs36.94 crore, up 109% yoy.
PBT at Rs14.88 crore as compared to Rs(26.52) crore. Profit after Tax at Rs10.97 crore in 9MFY22 compared to Rs(27.76) crore in 9MFY21.
At around 9.56 AM, Alicon Castalloy Ltd was trading at Rs800.90 per share up by Rs20 or 2.56% from its previous closing of Rs780.90 per share on the BSE.
“We have reported a strong performance this quarter, with profit growth despite macro-economic challenges. Supply chain issues continued during the period, which moderated volume performance across the industry. Demand trends are encouraging both in the domestic markets as well as in international markets. On the profitability front, input cost pressures continued to affect margins. However, we have been passing on price increases to the customer. This along with an improved product mix has enabled us to recoup impact on our margin to a large extent,” Rajeev Sikand, Group CEO, Alicon Castalloy, said.
“Importantly, we are happy to share that order wins continued at a strong pace. We have won contracts from multiple existing OEMS and are encouraged to share that we have received incremental orders from new OEMs such as ARRIVAL and Textron during the quarter. Discussions with customers indicate improved visibility,” he added.
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