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Revenue
₹430 Cr
verified against source
Revenue YoY
10%
reported change
EBITDA
₹47.2 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Alicon Castalloy reported Q3 FY26 revenue of ₹430 crore, up 10% YoY, but EBITDA margin contracted to 10.9% (down 200bps QoQ) due to product mix shift, higher employee costs, and one-time charges. PAT was ₹3.3 crore, impacted by a ₹5 crore exceptional item for labor code implementation. Domestic auto demand remained strong (PV +12%, CV +13%, 2W +13%), but global operations were muted due to a UK OEM cyber incident and US CV headwinds. Management guided for Q4 EBITDA margin of 12.5-13% and reiterated an order book of ₹9,100 crore to be executed by FY29, implying an exit revenue run-rate of ~₹3,500 crore. Key risks include delayed ramp-up of the GLR EV project and potential tariff-related disruptions in US exports.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects EBITDA margin to recover to 12.5-13% in Q4 FY26, driven by improved product mix and cost control.
- For the full year, EBITDA margin is expected to be approximately 12-12.5%.
- Based on the ₹9,100 crore order book, the company expects an exit revenue run-rate of ~₹3,500 crore by FY29.
- Capital expenditure for FY26 is expected to be in the range of ₹125-130 crore, focused on automation and capacity expansion.
Risks flagged
- US and UK markets saw degrowth; tariff-related actions have dampened export inquiries. Recovery depends on trade deal outcomes.
- The EXL housing project for a premium German OEM is delayed; full capacity utilization expected only by mid-2026, impacting margins.
- Higher employee costs, asset write-offs, and labor code implementation charges impacted Q3 profitability; full-year impact ~₹10 crore.
- 81% revenue from domestic market; any slowdown in Indian auto demand could affect growth, especially given limited non-auto diversification.
Key quotes
- The underlying topline performance would have been stronger and comfortably in the double-digit growth range reflecting the resilience of our business and improving momentum in other markets.
- Our first target is to cross the 13% and to reach the level of 14%.
- We have onboarded a team of German experts with deep technical experience. Their focus is on refining casting practices, improving the yields, enhancing throughput, optimizing capacity utilization and driving cost efficiencies.
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