Alicon Castalloy Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 04:53 am EST
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Alicon Castalloy Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,049.7 million compared to INR 3,613.08 million a year ago. Revenue was INR 4,057.45 million compared to INR 3,620.25 million a year ago. Net income was INR 167.42 million compared to INR 156.08 million a year ago. Basic earnings per share from continuing operations was INR 10.39 compared to INR 9.69 a year ago. Diluted earnings per share from continuing operations was INR 10.28 compared to INR 9.69 a year ago.
For the nine months, sales was INR 11,400.71 million compared to INR 10,819.04 million a year ago. Revenue was INR 11,423.97 million compared to INR 10,839.84 million a year ago. Net income was INR 407.41 million compared to INR 417.18 million a year ago. Basic earnings per share from continuing operations was INR 25.29 compared to INR 25.89 a year ago. Diluted earnings per share from continuing operations was INR 25.01 compared to INR 25.89 a year ago.
Alicon Castalloy Limited is an India-based company, which operates as a integrated aluminium casting manufacturer. The Company is the manufacturer of aluminum alloy dies castings mainly used in the automotive segment of the industry in India. The Companyâs products also cover the non-auto sector of the industry. The Companyâs casting services includes design, engineering, casting, machining and assembly, painting, and surface treatment of aluminum components. The Company offers its solutions to a diverse range of industries, such as automotive, agriculture, infrastructure, energy, locomotive, medical and health, aero and marine defense. The Company also serves automotive customers in Europe and the United States through its European subsidiary Illichmann Castalloy. It operates aluminum foundries in India and has developed a robust product pipeline. The Company's manufacturing plants are located at Shikrapur and Chinchwad (Maharashtra), Binola (Haryana) in India, and Slovakia in Europe.
ALICON CASTALLOY LIMITED 
