India · Delayed Price · Currency is INR Alicon Castalloy Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw record revenue growth of 16% YoY, driven by strong domestic demand, though margins were pressured by higher input costs and one-time expenses. FY27 guidance targets 8%-10% revenue growth and margin improvement, supported by a robust order book and ongoing capacity expansion.
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Q3 FY26 saw 10% revenue growth year-on-year, driven by strong domestic demand, while global operations faced headwinds from supply chain disruptions and tariffs. Margins were impacted by product mix and one-off costs, but new order wins and a robust order book support a positive medium-term outlook.
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Sequential revenue and margin growth continued, with Q2 gross margin at 48.9% and EBITDA margin at 12.9%. New program wins, a robust INR 9,100 crore order book, and ongoing operational improvements support a positive outlook, despite U.S. tariff and supply chain risks.
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Revenue for Q1 FY 2026 declined 5% YoY to INR 419 crore amid global headwinds, but EBITDA margin improved sequentially. Order book remains strong at INR 9,100 crore, with new business wins and ongoing CAPEX supporting future growth. New U.S. tariffs and rare earth shortages pose near-term risks.
Fiscal Year 2025
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Q4 FY25 delivered an 8% sequential revenue rebound and 36% EBITDA growth, closing FY25 with 10% revenue growth despite export and commercial vehicle headwinds. FY26 guidance is revised to 12–14% growth, with margins expected to improve to 13% as new OEM orders ramp up.
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Q3 FY2025 saw revenue and margin declines due to weak export demand, adverse sales mix, and upfront costs for new technology lines, though domestic two-wheeler demand remained strong. Management expects Q3 to be the bottom, with sequential improvement from Q4 and a robust order book supporting long-term growth.
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Record Q2 revenue of INR 465 crores marked the fourth consecutive quarter above INR 400 crores, with strong growth in passenger vehicles and two-wheelers. Despite margin pressure from product mix shifts and global market softness, medium-term profitability targets remain on track.
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Q1 FY25 saw record revenue of INR 440 crore, up 24% year-over-year, with strong growth in passenger, commercial, and two-wheeler segments. EBITDA margin improved to 13.2%, and PAT doubled. Major new orders and technology upgrades support a positive outlook despite global uncertainties.