Alicon Castalloy Limited has informed the Exchange about Transcript
ALICON · price
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New CEO Sumit Bhatnagar presented Q4 FY26 results showing quarterly revenue of ₹495 crore (highest ever), up 16% YoY, though gross margin compressed to 45% (down 248 bps). Full-year FY26 revenue was ₹1,784 crore (4% growth), EBITDA ₹203 crore, but PAT fell to ₹24 crore from ₹46 crore in FY25 due to ₹8 crore impact from new labour codes and exceptional write-offs. The company has an executable order book of ₹7,600 crore over 6 years and recently secured a new manufacturing plant. Management guided for 8-10% revenue growth in FY27 excluding aluminum price volatility, with EBITDA margins expected to improve. Key concerns include a 35% labour cost increase in Haryana (effective April 2026), elevated commodity prices, and a delayed JLR Range Rover program now in initial production.
The stock may remain under pressure near-term due to margin compression from labour and raw material cost increases, but the large order book and new plant expansion provide visibility for medium-term growth. JLR program ramp-up and Daimler orders (~₹80-90 crore annually) offer upside potential.