For
quarter ended Sept 2023, consolidated Net sales (including other operating income) of Alicon Castalloy has increased 1% to Rs 381.04 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 11.33% to 12.15%, leading to 8.23% rise in operating profit to Rs 46.28 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.81% to 50.02%. Purchase of finished goods cost fell from 0.27% to 0.25%. Employee cost increased from 11.17% to 12.84%. Other expenses fell from 26.35% to 24.83%. Other income rose 7.14% to Rs 0.75 crore. PBIDT rose 8.21% to Rs 47.03 crore. Provision for interest rose 38.47% to Rs 10.15 crore. Loan funds rose to Rs 313.50 crore as of 30 September 2023 from Rs 274.78 crore as of 30 September 2022. Inventories declined from Rs 147.91 crore as of 30 September 2022 to Rs 135.94 crore as of 30 September 2023. Sundry debtors were higher at Rs 478.44 crore as of 30 September 2023 compared to Rs 455.96 crore as of 30 September 2022. Cash and bank balance declined from Rs 10.60 crore as of 30 September 2022 to Rs 7.14 crore as of 30 September 2023. Investments rose to Rs 2.76 crore as of 30 September 2023 from Rs 0.01 crore as of 30 September 2022 .
PBDT rose 2.08% to Rs 36.88 crore. Provision for depreciation rose 16.38% to Rs 18.19 crore. Fixed assets increased to Rs 418.83 crore as of 30 September 2023 from Rs 382.10 crore as of 30 September 2022. Intangible assets increased from Rs 40.11 crore to Rs 53.19 crore.
Profit before tax down 8.83% to Rs 18.69 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 4.18 crore, compared to Rs 5.16 crore. Effective tax rate was 22.36% compared to 25.17%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 5.41% to Rs 14.51 crore. Equity capital stood at Rs 8.06 crore as of 30 September 2023 to Rs 8.06 crore as of 30 September 2022. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 55.71% as of 30 September 2023 ,compared to 55.71% as of 30 September 2022 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Alicon Castalloy has increased 2.01% to Rs 735.1 crore.
Operating profit margin has jumped from 11.11% to 11.63%, leading to 6.82% rise in operating profit to Rs 85.51 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.57% to 49.07%. Purchase of finished goods cost fell from 0.88% to 0.14%. Employee cost increased from 11.41% to 13.28%. Other expenses fell from 25.92% to 25.75%. Other income rose 13.97% to Rs 1.55 crore. PBIDT rose 6.94% to Rs 87.06 crore. Provision for interest rose 36.09% to Rs 19.61 crore. Loan funds rose to Rs 313.50 crore as of 30 September 2023 from Rs 274.78 crore as of 30 September 2022. Inventories declined from Rs 147.91 crore as of 30 September 2022 to Rs 135.94 crore as of 30 September 2023. Sundry debtors were higher at Rs 478.44 crore as of 30 September 2023 compared to Rs 455.96 crore as of 30 September 2022. Cash and bank balance declined from Rs 10.60 crore as of 30 September 2022 to Rs 7.14 crore as of 30 September 2023. Investments rose to Rs 2.76 crore as of 30 September 2023 from Rs 0.01 crore as of 30 September 2022 .
PBDT rose 0.67% to Rs 67.45 crore. Provision for depreciation rose 19.52% to Rs 36.56 crore. Fixed assets increased to Rs 418.83 crore as of 30 September 2023 from Rs 382.10 crore as of 30 September 2022. Intangible assets increased from Rs 40.11 crore to Rs 53.19 crore.
Profit before tax down 15.16% to Rs 30.89 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 6.89 crore, compared to Rs 10.3 crore. Effective tax rate was 22.30% compared to 28.29%.Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 8.08% to Rs 24.00 crore.
Equity capital stood at Rs 8.06 crore as of 30 September 2023 to Rs 8.06 crore as of 30 September 2022. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 55.71% as of 30 September 2023 ,compared to 55.71% as of 30 September 2022 .
Full year results analysis.
Net sales (including other operating income) of Alicon Castalloy has increased 29.97% to Rs 1401.16 crore. Operating profit margin has jumped from 10.43% to 10.95%, leading to 36.40% rise in operating profit to Rs 153.41 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 47.96% to 48.73%. Purchase of finished goods cost fell from 2.85% to 2.44%. Employee cost decreased from 12.75% to 11.68%. Other expenses rose from 26.04% to 26.28%. Other income rose 5.42% to Rs 3.5 crore. PBIDT rose 35.51% to Rs 156.91 crore. Provision for interest rose 3.72% to Rs 31.24 crore. Loan funds rose to Rs 300.86 crore as of 31 March 2023 from Rs 264.62 crore as of 31 March 2022. Inventories rose to Rs 152.84 crore as of 31 March 2023 from Rs 131.00 crore as of 31 March 2022. Sundry debtors were higher at Rs 440.93 crore as of 31 March 2023 compared to Rs 402.53 crore as of 31 March 2022. Cash and bank balance rose to Rs 11.95 crore as of 31 March 2023 from Rs 10.97 crore as of 31 March 2022. Investments rose to Rs 2.76 crore as of 31 March 2023 from Rs 0.01 crore as of 31 March 2022 .
PBDT rose 46.69% to Rs 125.67 crore. Provision for depreciation rose 19.72% to Rs 63.56 crore. Fixed assets increased to Rs 384.93 crore as of 31 March 2023 from Rs 381.12 crore as of 31 March 2022. Intangible assets increased from Rs 33.49 crore to Rs 47.99 crore.
Profit before tax grew 90.64% to Rs 62.11 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 10.69 crore, compared to Rs 8.4 crore. Effective tax rate was 17.21% compared to 25.78%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 112.66% to Rs 51.42 crore.
Equity capital stood at Rs 8.06 crore as of 31 March 2023 to Rs 8.06 crore as of 31 March 2022. Per share face Value remained same at Rs 5.00.
Promoters’ stake was 55.71% as of 31 March 2023 ,compared to 55.71% as of 31 March 2022 .
Cash flow from operating activities increased to Rs 86.85 crore for year ended March 2023 from Rs 77.18 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 81.86 crore, compared to Rs 74.03 crore during the year ended March 2022.
| Alicon Castalloy : Consolidated Results |
| | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 381.04 | 377.26 | 1.00 | 735.10 | 720.60 | 2.01 | 1,401.16 | 1,078.05 | 29.97 | | OPM (%) | 12.15 | 11.33 | 81 bps | 11.63 | 11.11 | 52 bps | 10.95 | 10.43 | 52 bps | | OP | 46.28 | 42.76 | 8.23 | 85.51 | 80.05 | 6.82 | 153.41 | 112.47 | 36.40 | | Other Inc. | 0.75 | 0.70 | 7.14 | 1.55 | 1.36 | 13.97 | 3.50 | 3.32 | 5.42 | | PBIDT | 47.03 | 43.46 | 8.21 | 87.06 | 81.41 | 6.94 | 156.91 | 115.79 | 35.51 | | Interest | 10.15 | 7.33 | 38.47 | 19.61 | 14.41 | 36.09 | 31.24 | 30.12 | 3.72 | | PBDT | 36.88 | 36.13 | 2.08 | 67.45 | 67.00 | 0.67 | 125.67 | 85.67 | 46.69 | | Depreciation | 18.19 | 15.63 | 16.38 | 36.56 | 30.59 | 19.52 | 63.56 | 53.09 | 19.72 | | PBT | 18.69 | 20.50 | -8.83 | 30.89 | 36.41 | -15.16 | 62.11 | 32.58 | 90.64 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 18.69 | 20.5 | -8.83 | 30.89 | 36.41 | -15.16 | 62.11 | 32.58 | 90.64 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 18.69 | 20.5 | -8.83 | 30.89 | 36.41 | -15.16 | 62.11 | 32.58 | 90.64 | | Taxation | 4.18 | 5.16 | -18.99 | 6.89 | 10.3 | -33.11 | 10.69 | 8.4 | 27.26 | | PAT | 14.51 | 15.34 | -5.41 | 24 | 26.11 | -8.08 | 51.42 | 24.18 | 112.66 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 14.51 | 15.34 | -5.41 | 24 | 26.11 | -8.08 | 51.42 | 24.18 | 112.66 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 14.51 | 15.34 | -5.41 | 24 | 26.11 | -8.08 | 51.42 | 24.18 | 112.66 | | EPS (Rs)* | 9.01 | 9.52 | -5.41 | 14.90 | 16.21 | -8.08 | 31.91 | 15.01 | 112.66 | | | * EPS is on current equity of Rs 8.06 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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