Alicon Castalloy Limited Announces Unaudited Standalone and Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2016
January 30, 2017 at 05:36 am
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Alicon Castalloy Limited announced unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company's net sales/income from operation was INR 1,584.4 million as compared to INR 1,592.9 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 118.9 million as compared to INR 114.2 million for the same period last year. Profit from ordinary activities before tax was INR 68.155 million as compared to INR 67.903 million for the same period last year. Net profit for the period was INR 47.352 million as compared to INR 47.683 million for the same period last year. Diluted and basic earnings per share were INR 3.86 as compared to INR 4.27 for the same period last year.
For the nine months, on standalone basis, the company's net sales/income from operation was INR 5,176.6 million as compared to INR 4,985.2 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 380.6 million as compared to INR 331.6 million for the same period last year. Profit from ordinary activities before tax was INR 229.667 million as compared to INR 199.240 million for the same period last year. Net profit for the period was INR 163.127 million as compared to INR 141.967 million for the same period last year. Diluted and basic earnings per share were INR 13.31 as compared to INR 12.84 for the same period last year.
For the quarter, on consolidated basis, the company's net sales/income from operation was INR 1,733.3 million as compared to INR 1,775.1 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 123.6 million as compared to INR 107.8 million for the same period last year. Profit from ordinary activities before tax was INR 71.279 million as compared to INR 68.792 million for the same period last year. Net profit for the period was INR 50.100 million as compared to INR 48.572 million for the same period last year. Diluted and basic earnings per share were INR 4.09 as compared to INR 4.35 for the same period last year.
For the nine months, on consolidated basis, the company's net sales/income from operation was INR 5,612.7 million as compared to INR 5,482.4 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 395.8 million as compared to INR 299.9 million for the same period last year. Profit from ordinary activities before tax was INR 239.913 million as compared to INR 194.161 million for the same period last year. Net profit for the period was INR 177.244 million as compared to INR 136.888 million for the same period last year. Diluted and basic earnings per share were INR 14.46 as compared to INR 12.38 for the same period last year.
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.
Alicon Castalloy Limited Announces Unaudited Standalone and Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2016