Alicon Castalloy LimitedQ1 FY27 Results & Financial Update
Alicon Castalloy Limited: Q1 FY27 consolidated results and company financials – revenue ₹578.01 Cr, PAT ₹11.45 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Alicon Castalloy price & chart
Quarter overview
Quarterly earnings analysis
Alicon Castalloy delivered its highest-ever quarterly topline in Q1 FY27, crossing the ₹500 crore revenue milestone for the first time with net revenue from operations reaching ₹578.01 crore and total income touching ₹579.06 crore.
s in its investor presentation, total income grew by 37% year-on-year and 17% sequentially, propelled by robust volume expansion in the domestic automotive sector and partially supported by higher underlying aluminum and alloy input prices.
Reported EBITDA for the quarter stood at ₹55.30 crore, representing an 8% increase compared to ₹51.02 crore in Q1 FY26. EBITDA margin registered at 9.5%, reflecting a contraction compared to 12.1% in the corresponding period last year due to the denominator effect of higher raw material prices but showing resilience on a sequential basis.
Profit before tax (PBT) expanded significantly by 45% year-on-year and 84% quarter-on-quarter to reach ₹18.26 crore, aided by effective cost optimization initiatives and reduced finance expenses.
Profit after tax (PAT) for Q1 FY27 climbed to ₹11.45 crore, marking a 23% increase over Q1 FY26 and a 44% increase over Q4 FY26, resulting in a reported PAT margin of 2.0% and basic earnings per share (EPS) of ₹14.04.
The broader operating environment benefited from strong macroeconomic momentum in the Indian automotive market, where key vehicle segments reported double-digit production growth led by robust demand across two-wheelers, passenger vehicles, and commercial vehicles.
During the quarter, the company announced plans to establish a new manufacturing facility proximate to its existing plant in Shikrapur near Pune, designed to expand capacity for value-added products and support growing customer order visibility.
01 · Business model
What does Alicon Castalloy do?
Alicon Castalloy Limited is an established global engineering solutions provider specializing in aluminum alloy castings, operating one of the largest aluminum foundries in India with a track record spanning 56 years alongside an 89-year European legacy through Illichmann Castalloy.
The company offers comprehensive end-to-end capabilities covering prototype design, tool design and simulation, tool manufacturing, casting manufacturing via Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC), machining, sub-assembly, painting, and surface treatment.
Alicon serves a diversified marquee customer base across core domestic and international sectors including two-wheeler and four-wheeler automotive OEMs, commercial vehicles, tier-1 suppliers, infrastructure, defense, aerospace, medical, agriculture, and energy.
Manufacturing operations are anchored by four modern plants—including three in India (Chinchwad and Shikrapur in Pune, and Binola in Haryana) and one international facility in Slovakia—complemented by dedicated tool rooms, technology centers, and product validation laboratories.
02 · Historical context
What shaped the business before this quarter
Following demand weakness experienced in Q3 FY25, the company has delivered five successive quarters of improved operational performance despite international macro uncertainties and tariff headwinds.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹578.01 Cr |
| Total income | ₹579.06 Cr |
| Profit before tax | ₹18.26 Cr |
| Profit after tax | ₹11.45 Cr |
| EPS | ₹14.04 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 3.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.06 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue expansion was primarily driven by strong growth trends in the domestic business, supported by record quarterly sales across passenger vehicles, commercial vehicles, and two-wheelers in the Indian automotive sector.
Higher prevailing market prices for aluminum and raw material alloys partially contributed to the nominal top-line upside through realization adjustments.
What drove margins
Raw material expenses rose to ₹351.24 crore, leading to a gross profit of ₹227.00 crore representing a 39.2% margin, which contracted by 648 basis points year-on-year and 580 basis points quarter-on-quarter largely due to higher aluminum input costs inflating the denominator.
Total expenditure expanded to ₹523.77 crore, with employee benefits rising 8% YoY to ₹54.57 crore and other expenses increasing 28% YoY to ₹117.96 crore, while manufacturing facilities maintained utilization levels of approximately 80%.
Finance costs declined by 7% year-on-year to ₹10.20 crore, supported by active internal programs aimed at reducing interest expenses and optimizing debt servicing.
05 · Demand, customers & order book
Where demand is coming from
Total orders booked stood at ₹8,094 crore, with an anticipated production schedule spanning the next six years, projecting ₹1,021 crore for FY26-27 and scaling up to ₹1,798 crore by FY30-31.
During Q1 FY27, the company booked 8 new parts from 5 customers, comprising 2 parts in the two-wheeler segment, 2 parts in commercial vehicles, 3 parts in non-auto, and 1 part in passenger vehicles through Illichmann Castalloy (6 parts for domestic and 2 for export markets).
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Automotive applications accounted for 96% of total revenue during Q1 FY27, while non-automotive sectors contributed 4%.
Geography and market mix
Domestic markets accounted for 88% of total revenue in Q1 FY27, with global export markets contributing 12%.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Manufacturing facilities across all four production units operated at healthy utilization levels of around 80% during the quarter.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company is positioning itself to capture opportunities arising from carbon-neutral technologies including hybrid, electric vehicle (EV), fuel cell, and hydrogen cell architectures, alongside vehicle lightweighting trends.
09 · Reported developments
What changed operationally
Crossed ₹500 crore in quarterly revenue for the first time in the company's history, driven by strong program ramps and robust domestic demand.
10 · Pressure points & risks
What is not going smoothly
International customers maintained a cautious outlook due to tariff uncertainties and ongoing global supply chain disruptions.
11 · Items worth noticing
The line items that can distort a quick read
Q1 FY26 included an exceptional item of ₹2.57 crore, whereas Q1 FY27 reported nil exceptional items.
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Management pursued a deliberate program to reduce interest costs, contributing to a year-on-year reduction in finance costs to ₹10.20 crore.
13 · Beyond the numbers
What changed beyond the numbers
Employee Base
The company reported a permanent employee headcount of 941 personnel as of Q1 FY27.
14 · Key Q&A
The quarter, answered directly
What does Alicon Castalloy do?
Alicon Castalloy Limited is an established global engineering solutions provider specializing in aluminum alloy castings, operating one of the largest aluminum foundries in India with a track record spanning 56 years alongside an 89-year European legacy through Illichmann Castalloy.
What is the clearest takeaway from Q1 FY27?
Alicon Castalloy delivered its highest-ever quarterly topline in Q1 FY27, crossing the ₹500 crore revenue milestone for the first time with net revenue from operations reaching ₹578.01 crore and total income touching ₹579.06 crore.
What drove revenue or demand?
Revenue expansion was primarily driven by strong growth trends in the domestic business, supported by record quarterly sales across passenger vehicles, commercial vehicles, and two-wheelers in the Indian automotive sector.
What mattered most for margins or profitability?
Raw material expenses rose to ₹351.24 crore, leading to a gross profit of ₹227.00 crore representing a 39.2% margin, which contracted by 648 basis points year-on-year and 580 basis points quarter-on-quarter largely due to higher aluminum input costs inflating the denominator.
What changed operationally beyond the headline numbers?
Manufacturing facilities across all four production units operated at healthy utilization levels of around 80% during the quarter.
What are the main pressure points disclosed for the quarter?
International customers maintained a cautious outlook due to tariff uncertainties and ongoing global supply chain disruptions.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Shikrapur Plant Progress: Execution milestones and construction timelines for the newly announced manufacturing facility near Pune.
- 02
Aluminum Price Trends: Fluctuations in raw material aluminum and alloy prices and their pass-through impact on gross margins.
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