India · Delayed Price · Currency is INR Alicon Castalloy Earnings Call Transcripts
Fiscal Year 2026
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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 saw an 8% sequential revenue rebound and 11.2% EBITDA margin, closing FY25 with 10% revenue growth despite export and CV headwinds. FY26 revenue guidance is revised to INR 1,900-1,950 crore, with a 13% margin target and continued CapEx focus on technology and capacity upgrades.
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Q3 FY2025 saw revenue and margins decline due to weak export and commercial vehicle demand, with gross margin at 45.81% and EBITDA margin at 9%. Management expects Q3 to be the bottom, with sequential improvement from Q4 and a strong order book supporting future growth.
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Record Q2 revenue of INR 465 crores marked a fourth consecutive quarter above INR 400 crores, with strong growth in passenger vehicles and two-wheelers. Despite margin pressure from product mix and global 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 all segments and a shift toward higher value-add products. EBITDA margin improved to 13.2%, and new orders worth INR 650 crore were booked, supporting a robust outlook.