iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Alicon Castalloy reports marginal increase in PAT at Rs12.14 crore in Q3FY22; Stock climbs 2.5%

16 Feb 2022 , 09:55 AM

Alicon Castalloy

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.

Related Tags

  • 9MFY22
  • Alicon Castalloy Limited
  • Alicon Castalloy news
  • Alicon Castalloy results
  • Alicon Castalloy share price
  • Alicon Castalloy stock price
  • financials
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.