Alicon Castalloy LimitedAutomobilesALICON
Q1 FY27 concall · earnings callAlicon Castalloy Limited
Alicon reported record quarterly revenue of Rs 579 crore, with strong volume growth and new customer wins, while managing inflationary pressures on margins.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Total Income | ₹579 Cr | 37% | |
| EBITDA | ₹55 Cr | — | |
| EBITDA Margin | 9.5% | — | |
| Profit Before Tax | ₹18 Cr | 45% | |
| Profit After Tax | ₹12 Cr | 23% | |
| Executable Order Book | ₹8,450 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹392.10 Cr-3.2% YoY-15.5% QoQ | ₹0.78 Cr-95.3% YoY-95.4% QoQ | ₹0.48-95.4% YoY-95.4% QoQ |
| Q2 FY25 | ₹463.75 Cr+21.7% YoY+5.4% QoQ | ₹16.81 Cr+15.9% YoY-11.7% QoQ | ₹10.34+14.9% YoY-12.1% QoQ |
| Q1 FY25 | ₹439.98 Cr+24.3% YoY+4.9% QoQ | ₹19.04 Cr+100.6% YoY-7.3% QoQ | ₹11.76+99.7% YoY-7.8% QoQ |
| Q4 FY24 | ₹419.30 Cr+31.3% YoY+3.5% QoQ | ₹20.54 Cr+32.3% YoY+22.7% QoQ | ₹12.75+111.8% YoY+22.7% QoQ |
| Q3 FY24 | ₹404.97 Cr+12.1% YoY+6.3% QoQ | ₹16.74 Cr+7.2% YoY+15.4% QoQ | ₹10.39+7.2% YoY+15.4% QoQ |
TL;DR
- Revenue grew 37% YoY to a record Rs 579 crore, driven by domestic volume and program ramp-up.
- Underlying volume growth, adjusting for aluminum inflation, was 17.5%.
- EBITDA margin was 9.5%, with pressures from input cost volatility, but the company aims for a 1% improvement this year.
- Executable order book stands at Rs 8,450 crore over six years, with recent wins from two large Indian OEMs.
- Announced a Rs 125 crore investment in a new leased facility expected to generate Rs 500 crore annual revenue in 4-5 years.
- Guides for 12% to 15% underlying top-line growth for FY27.
Said on the call
“Our ambition is not simply to become a larger aluminium casting company. Our ambition is to become a technology-led, globally relevant, high-value manufacturing partner to automotive and selected nonautomotive customers.”
From the Q&A
| Topic | What management said |
|---|---|
| European Operations Outlook | Management said European operations had lower sales due to programs reaching end-of-life, but new programs (like e-Axle) are under development and expected to ramp up, with a reversal trend expected from the last quarter of FY27. |
| FY27 and Future Revenue Growth | CEO Sumit Bhatnagar guided for 12% to 15% underlying top-line growth (neutralized for aluminum impact) for FY27 and expects a similar growth rate for the next few years. |
| Margin Outlook and Price Recovery | CFO Vimal Gupta expects at least 1% improvement in EBITDA margins for FY27 through customer price recovery and internal productivity measures. Price recovery discussions for manufacturing cost inflation are ongoing. |
| Order Book Composition | The Rs 8,450 crore order book includes 16% electric vehicle, 12% hybrid, 2% non-automotive, and the rest is ICE and structural components. Exports constitute about 40% of the new business. |
| New Facility and Capacity | The new Rs 125 crore leased facility at Shikrapur is expected to start SOP by March 2027 and generate Rs 500 crore annual revenue over 4-5 years. It will start with 3,000 tons capacity, scaling to 7,000 tons. |
| Capacity Utilization and ROCE | Capacity utilization is over 90%. Management acknowledged ROCE needs improvement and is reallocating capacity from lower-margin segments (like 2-wheelers) to higher-value products to improve returns. |
| JLR EV Program Status | Supplies for the JLR EV program have started at a rate of 600 sets per week and are expected to peak by Q3 of the calendar year, with volumes increasing from Jan 2027. |
Guidance
- Underlying top-line growth of 12% to 15% for FY27 (neutralized for aluminum impact).
- Expect at least 1% improvement in EBITDA margins for FY27.
- European operations expected to make a strong comeback as new programs ramp up, with reversal trend from the last quarter of FY27.
- Capex plan of approximately Rs 150 crore for the full year, including Rs 70 crore for the new Shikrapur facility.
Source
Summary written from the transcript filed by Alicon Castalloy Limited for the call held on 18 Aug 2026; published 21 Aug 2026, 19:58 IST.
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