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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”
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