Alicon Castalloy Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 11, 2022 at 11:42 am
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Alicon Castalloy Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 3,433.36 million compared to INR 2,107.47 million a year ago. Revenue was INR 3,440.01 million compared to INR 2,116.83 million a year ago. Net income was INR 107.66 million compared to net loss of INR 41.97 million a year ago. Basic earnings per share from continuing operations was INR 6.68 compared to basic loss per share from continuing operations of INR 3 a year ago. Diluted earnings per share from continuing operations was INR 6.68 compared to diluted loss per share from continuing operations of INR 3 a year ago.
Alicon Castalloy Limited is an India-based company, which operates as a integrated aluminium casting manufacturer. The Company is the manufacturer of aluminum alloy dies castings mainly used in the automotive segment of the industry in India. The Companyâs products also cover the non-auto sector of the industry. The Companyâs casting services includes design, engineering, casting, machining and assembly, painting, and surface treatment of aluminum components. The Company offers its solutions to a diverse range of industries, such as automotive, agriculture, infrastructure, energy, locomotive, medical and health, aero and marine defense. The Company also serves automotive customers in Europe and the United States through its European subsidiary Illichmann Castalloy. It operates aluminum foundries in India and has developed a robust product pipeline. The Company's manufacturing plants are located at Shikrapur and Chinchwad (Maharashtra), Binola (Haryana) in India, and Slovakia in Europe.