Alicon Castalloy Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 08:12 am EDT
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Alicon Castalloy Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,192.51 million compared to INR 3,205.63 million a year ago. Revenue was INR 3,206.69 million compared to INR 3,213.69 million a year ago. Net income was INR 97.03 million compared to INR 132.11 million a year ago. Basic earnings per share from continuing operations was INR 6.02 compared to INR 8.27 a year ago. Diluted earnings per share from continuing operations was INR 6.02 compared to INR 8.2 a year ago.
For the full year, sales was INR 14,011.55 million compared to INR 10,780.51 million a year ago. Revenue was INR 14,046.53 million compared to INR 10,813.67 million a year ago. Net income was INR 514.21 million compared to INR 241.81 million a year ago. Basic earnings per share from continuing operations was INR 31.92 compared to INR 15.68 a year ago. Diluted earnings per share from continuing operations was INR 31.92 compared to INR 15.54 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 
