Alicon Castalloy Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Alicon Castalloy reported Q4 revenue of Rs. 426 Cr, up 8% QoQ, with FY25 revenue at Rs. 1,720 Cr, a 10% YoY rise. Gross margin improved to 47.5%, driven by a higher PV mix and automation; EBITDA margin expanded to 11.2%. Q4 PAT jumped to Rs. 9 Cr from Rs. 1 Cr. FY25 EBITDA slipped 1% YoY to Rs. 198 Cr, and PAT fell to Rs. 46 Cr from Rs. 61 Cr. Domestic growth was led by two-wheelers (+19%) and PVs (+17%), while commercial vehicles fell 21%. Exports contribute 22%, with EV/hybrid share rising to 19%. The order book nears Rs. 9,000 Cr, focused on PV and commercial vehicles. FY26 revenue guidance is lowered to Rs. 1,900–1,950 Cr (12-14% growth) with margin expansion to ~13%. Management remains cautiously optimistic on new product launches, order flows, and EV trends amid external challenges.